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Explained: What tokenisation means and how it will affect card users

The Reserve Bank of India (RBI) recently said no entity in the card transaction or payment chain, apart from the card issuers and card networks, will be allowed to store sensitive user data from......

Customers in limbo as banks, RBI thrash out differences

The RBI is not willing to ease its stance on tokenisation, insisting that payment facilitators cannot store customer card details. Illustration: Dominic Xavier/Rediff.com The payments industry is......

Credit card, passport details of 45 lakh flyers leaked in massive Air India data breach

Air India's passenger service system provider SITA faced a sophisticated cyberattack in February this year leading to leak of personal data of 4.5 million passengers -- which included passengers of......

How to pay safely for online transactions

Use a “virtual credit card” for every online transaction when you can’t pay cash on delivery. Illustration: Uttam Ghosh/Rediff.com The first week of the year has recorded what......

Beware of EMI moratorium frauds!

In such frauds customers get calls asking them to share their OTP in order to postpone their loan EMIs. Once the OTP is shared the amount is immediately siphoned away by fraudsters. Illustration:......
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