Consumers prefer debit cards in slowdown

The number of debit card transactions increased by 48 per cent in financial year 2009, compared to an increase of 12.7 per cent for credit cards. Similarly, debit card volumes grew by 44.6 per......

Of credit card woes and more

Problems - not just for the credit card holderIf you were thinking that by raising interest rates, the RBI is only trying to get stricter with credit card holders, think again. Banks looking to get......

RBI to regulate MasterCard, Visa

The Reserve Bank of India (RBI) plans to bring global payment systems such as MasterCard International and Visa International under its regulatory framework. Once the Draft Payment and Settlement......

Credit card woes? Help to come your way soon

The Reserve Bank of India would appoint Ombudsman Serving Officers in addition to ombudsmen already functioning at different centres in the country to redress complaints, especially regarding......