Banks recall over 32 lakh debit cards; govt seeks details

The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank Hit by an unprecedented ATM security breach, several......

Investors home in on mobile payment firms

Investments by private equity and venture capital firms into the mobile payment solutions segment in India have seen a notable growth in the recent past. Going forward, this is expected to go up......

DeMo aftermath: Cash crunch hobbles White Label ATMs

The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling. Illustration: Uttam Ghosh/Rediff.com White label ATMs......

Card data breach: Govt promises prompt action

As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data The government, on Friday, got cracking on the debit card fraud, asking the concerned banks and......