A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
In an online chat with readers on April 27, Sameer Ratolikar, Chief Information Security Officer, HDFC Bank, answered readers' queries on how to secure their online banking transaction.
A 40-year-old freelance journalist has claimed a person 'hypnotised' him over the phone and duped him of Rs 40,000, but police and experts said this is one of the 'most normal kinds of cyber fraud' and not a case of hypnosis.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, banks are now coming up with awareness campaigns aimed at preventing customers from falling into the trap of fraudsters.
Protect yourself and minimise such frauds by following these simple rules
Open loop pre-paid cards come with a two-factor authentication. One for ATMs and PoS transactions, and the other for online transactions
Often, individuals are offered credit cards with great schemes directly by the bank.
Videsh Sanchar Nigam Ltd has inked a pact with ICICI Bank Ltd, whereby the private sector bank will distribute the former's Tata Indicom dial-up Internet services through its ATMs in the country.
The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country
Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
NPCI calls bids to cover all e-payment transactions where consumer followed procedure; both state and private insurers show interest.
Credit card thieves are getting smarter with the help of sophisticated machines and cameras. But have you become smarter and more cautious?
Mathematical problems can sometimes turn out to have real-world applications. This is true for the Riemann Hypothesis. Crypto-currency investors will heave a sigh of relief if the problem is unsolved since a proof could render their expertise obsolete, explains Devangshu Datta.
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.
Debit card use at POS terminals increasing at rapid clip, transactions at ATMs declining
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
While a wallet is convenient, payments bank offers interest on deposits and ATM facility.
New offerings by banks are changing the way you transact.
For people who have had their personal identification stolen, it could also help prevent cyber criminals from using that information to make purchases in their name.
Cardholders must ensure their debit cards are used in their presence.
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
A 43-year-old man has been arrested by the Delhi police for allegedly being the mastermind behind a fake website of the Prime Minister's Office as sleuths claimed to have busted a racket operating fake government web portals.
Unbanked customers can expect easier access to banking.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
Rediff's Love Guru has answers to all your relationship problems.
Taxi booking, shopping and transfer of money will be easy.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
Shah also mocked the Congress vice-president for "going to a bank in a Rs-4 crore car to exchange Rs 4,000".
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
While it's not difficult to fall prey to card fraud, individuals can protect themselves against losses.
In a weekly chat with readers, Rediff.com's Love Guru offers relationship advice.
Travel cards are like debits cards-loaded with the currency of your choice or which the lenders offer.