Mar 08, 2017 at 09:20 | Source: PTI
Attacking Prime Minister Narendra Modi for his cashless push to the economy post-demonetisation, AICC chief spokesperson Randeep Surjewala said the true mask of Digital India is coming off as government is not intervening to stop banks from imposing heavy charges on use of ATMs and debit and credit cards.
Mar 05, 2017 at 13:28 | Source: PTI
Public interest litigation (PIL) cannot be used as a "weapon to challenge financial or economic decisions", the RBI has told the Delhi High Court opposing a plea against the surcharge on credit and debit card transactions.
Feb 27, 2017 at 08:47 | Source: Moneycontrol.com
The impasse over the payment of merchant discount rate (MDR) charges on fuel purchases via debit cards seems to have reached a conclusion with oil retailing companies - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - agreeing to pay the charges, at least until March 31, reports the Mint today.
Feb 23, 2017 at 09:12 | Source: Moneycontrol.com
An audit report of security breach at Hitachi, an ATM provider, spills bad news for banks. It says the devices that are installed to protect systems from malware and viruses are no match to the targeted cyber security attacks.
Feb 22, 2017 at 15:24 | Source: PTI
"In the aftermath of withdrawal of Rs 1,000 and Rs 500 denominations, economic activity has been interrupted in the segments which are cash intensive," Governor S C Jamir said while addressing the state Assembly on the opening day of its budget session.
Feb 20, 2017 at 15:23 | Source: Moneycontrol.com
Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.
Feb 16, 2017 at 20:16 | Source: PTI
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.
Feb 16, 2017 at 17:19 | Source: Moneycontrol.com
MDR is the rate charged by banks to merchants for providing debit and credit card services
Feb 13, 2017 at 08:28 | Source: PTI
This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 crore.
Feb 10, 2017 at 09:42 | Source: PTI
The fund allocated by Finance Minister Arun Jaitley towards reimbursement of MDR charges for the next fiscal is four times the amounted expected to be released this fiscal.