Credit Cards Tricks And Tips For Newbies
Credit Card is a mode of comfort in broke situations, but usually, newbies get trapped in loans, as they are unaware of the benefits of the card. Here are some tips about credit cards, which every newbie should know, 1. pay your bill on time. 2. shop around before applying for one 3. Try to use a little of your credit limit 4. Pay bills with credit card, for points.
Tags: Credit Card, Banks, newbies, Tips, rules
Courtesy: CNBC
RBI Announces Tokenization Of Credit,Debit Cards, Implemented From July 1
Aiming security of credit, and debit card data, the Reserve Bank of India (RBI) is set to implement tokenisation of card transactions. In regard to this, the RBI proposed new rules, implemented from July 1. In addition, the RBI extended the timeline for adherence to certain directions till October 1. The new rule has been implemented with rules, designed to ensure cardholders' security as the main highlight.
Tags: Cardholders, Credit Card, Debit Card, RBI, Security
Courtesy: The Free Press Journal
RBI Grants Banks, NBFCs 3 Month Extension To Adhere To Certain Credit, Debit Card Norms
Reserve Bank of India gave banks and non-banking financial companies (NBFCs) a three-month extension on June 21 to comply with certain rules connected to providing credit and debit cards, including card activation without clients' approval. Banks and NBFCs were supposed to adopt Master Direction on "Credit Card and Debit Card - Issuance and Conduct Directions, 2022" on July 1. The schedule for implementing remaining aspects of Master… read-more
Tags: RBI, Report, Credit Card, Debit Card, non-banking financial companies
Courtesy: DNA India
Boney Kapoor's Credit Card Gets Misused, Loses Rs 3.82 Lakh: Mumbai
Bollywood film producer Boney Kapoor's credit card has allegedly been misused for fraudulent transactions. His credit card has been used for the transfer of around Rs 3.82 lakh to five fraudulent transactions, on February 9. Kapoor stated that he did not recieve any phone call regarding this, nor was he asked for his credit card by anyone. A case has been registered in Amboli police station.
Tags: Boney Kapoor, Credit Card, Credit card fraud, Amboli, Mumbai
Courtesy: ANI
CRED Generates Rs 95 Crores Revenue, Loss Widens To 523 Cr For FY21
CRED, a credit card and money lending platform losses were increased up to 45% with a year-on-year Rs 524 crores by the end of March 2021. Earlier, the company raised almost USD 450 million in 2021. However, the revenue took a leap from Rs 18.16 crores in FY20, to Rs 95.53 crores in FY21 with a low base effect. Kunal Shah, the founder of CRED started in the year 2018.
Tags: CRED, Credit Card, revenue, Company, Kunal Shah
Courtesy: Money Control
New Auto-Debit Payment Rules Applicable From Oct 1
New rules for auto-debit payments via credit and debit cards are set to come into force from October 1, where recurring auto-debit payments above ₹5,000 will require Additional Factor of Authentication (AFA). An OTP will have to be validated by a customer each time a payment is due. Customers will receive a pre-debit (SMS/e-mail) notification 24 hours before the payment.
Tags: Debit Card, Credit Card, Banking services
Courtesy: Livemint
MasterCard Ban Gives Edge To Visa For Issuing New Cards: RBL Bank
Reserve Bank of India (RBI) impeded MasterCard from issuing new cards to national customers from July 22, over violating data storage regulations without harming the existing customers. Meanwhile, the RBL Bank has signed a contract with Visa Worldwide to issue new credit cards. Approximately, there are 3 million credit card customers under RBL and is the fifth largest credit card issuer in the country.
Tags: RBL Bank, Credit Card, Debit Card, Reserve bank of India
Courtesy: Hindustan Times
Paytm Expands Rent Payments Service, Offers Cashback Up To Rs 10K
Paytm has extended its rent payment service to include shop rents, property deposits, token amount, brokerage and other services. Offering assured cashback up to Rs 10,000 on rent payments made through credit cards, Paytm said the service will enable users keep a track on their expenses. The rent payments can be made from the “Recharge & Pay Bills" section to the beneficiary via Paytm UPI, net banking and debit card.
Tags: Paytm, Credit Card, cashback, rent, payment
Courtesy: The Times of India
10 Year Data Base Of Air India Flyers Breached; 45 Lakh Affected
About 45 lakh Air India passengers data stored in its database ‘SITA PSS’ was stolen in a cyber-attack, the airlines confirmed on May 21. The data stolen includes passports, credit cards and contact details of passengers registered between August 26, 2011 and February 3, 2021. However, assuring remedial actions, the national carrier asserted that no passwords are affected and CVV or CVS numbers on credit cards are not stored.
Tags: Air India, Cyber Attack, Data Breach, Credit Card, Airlines
Courtesy: The New Indian Express
Paytm To Allow Smartphone-based NFC Card Payments For Merchants
Paytm will soon facilitate merchants to use android smartphones to receive Near Field Communication (NFC)-enabled debit and credit card payments from the 'Paytm for Business' App. Powered by Software Point-of-Sale (SoftPoS) technology, the fintech major's latest multilingual service, dubbed 'Paytm Smart POS', modifies a smartphone to accept payments by simply tapping the card on the phone's back. Reportedly, Paytm has already tested its soft-… read-more
Tags: Paytm, NFC, Paytm for Business, SoftPoS, Credit Card, payment, fintech, Android
Courtesy: LiveMint