The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token' - thereby enabling more secure transactions.
Food delivery apps Zomato and Swiggy reported a nationwide outage on Wednesday. Both the platforms witnessed technical glitches and were unresponsive for almost an hour. Downdetector, a platform that collects status reports from a series of sources, recorded about 3,619 reports of outage against Zomato at 2:05 PM and about 771 reports of outage against Swiggy at around 2:21 PM. According to the sources, the outage was caused by Amazon Web Services (AWS), a cloud-services platform, which runs both platforms. Though Swiggy and Zomato are working now, some customers reported that the issue has not been solved completely and they are not able to place orders and there are payment related issues.
Apple's latest baby, priced at Rs 28,000 in India, is designed for education.
The trend has generated a wave of social media memes and satire, and even the creation of an app that allows you to track where to get the coveted stickers. New stock has been selling out in a matter of hours.
"Worldwide mobile application store revenue is projected to surpass $15.1 billion in 2011, both from end users buying applications and applications themselves generating advertising revenue for their developers. This is a 190 per cent increase from 2010 revenue of $5.2 billion," Gartner said in a statement.
Ashish Narsale/Rediff.com takes a look at OnePlus's latest offering.
Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiry date and security code. However, the security level of the app and the customer's mobile itself also needs to be taken into consideration, say experts. Nikhat Hetavkar explains the whole idea of tokenisation, how it is enabled, its impact on card transactions and related security guidelines.
'Later, I asked Hrithik how he could have remained so calm in the circumstances. He told me simply, "What could have happened? At the most, they would have killed me".'
Still, the earliest India will get to experience Apple online will be early 2020 and the company's first fully-owned signature store should be up around 2022 -- almost two decades after it had opened its first store worldwide, writes Nivedita Mookerji.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
'Since we have a long waiting period, customers will be able to see cars for the next one year which are going to be produced and block (book) them.' 'So, if there is a wedding or a birthday in October, they can already check its availability in that month and block it.'
Consumers who pre-order the device will get an Amazon India voucher worth Rs 5,000 and 5000 Jet privilege miles.
With more than 10,000 stores under the various Reliance retail brands and over 2.5 million kirana stores already tying up with it, Jio's online marketplace would have the biggest hyperlocal logistics network in the country.
India has 53 achievers on the list, second only to China which has 76 honorees.
The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
Miss World 2024 will be crowned in India soon. Long before Aishwarya Rai and Priyanka Chopra, Yukta Mukhey and Diana Hayden, a beautiful woman from Bombay was crowned Miss World. In 1966. Reita Faria was India's first Miss World. Vaihayasi Pande Daniel/ Rediff.com met the 80 year old in Dublin recently, still as elegant, still as attractive as she was all those years ago.
When Open Network for Digital Commerce (ONDC) was conceived last December, the idea was to reduce the dominance of e-commerce giants like Amazon and Flipkart. It was also to bring in a level-playing field for small merchants in India's fragmented but fast-growing $1-trillion retail market. However, those goals have changed now as large e-commerce players such as Flipkart, Amazon and Ecom Express are in various levels of talks with the ONDC team. They want to form partnerships like integrating with the network as well as providing their expertise to build it, according to the industry sources.
Many of India's fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics.
Five people in the know narrate the sordid story that is fast exploding into a pornography scandal, allegedly involving businessman Raj Kundra.
Tucked away at a lane in Arehalli Guddadahalli, a small village in Bengaluru Rural district is a nondescript factory of LaundryMate, one of India's first organised technology-led online laundry services firms. The company has built the country's largest laundry facility, which is spread across 53,000 square feet - the size of a football field. Inside the hangar-like building, one can hear the whooshing and humming sound of big hi-tech washing machines being operated by the newly-recruited staff of LaundryMate.
The chemist, Umesh Prahladrao Kolhe (54), was killed on June 21, and Maharashtra police have arrested five persons in connection with the incident.
Mothers' advice from 50 years ago reappears, notes Ajit Balakrishnan.
Pompeo explains how the Donald Trump administration succeeded in bringing India on board the Quad grouping.
Two months after TikTok ban: Influencers busy rebuilding their fan base as homegrown apps enjoy 'gold rush'.
...or just a Covid-era practice, asks Ajit Balakrishnan.
Performance-wise, the most significant change that comes along with Android L is Android Runtime, which replaces Dalvik as the application runtime environment -- which basically converts codes into running applications.
A select 12 matches will also be broadcast in Malayalam via Asianet Plus.
Are they worth Rs 8,499? Ashish Narsale/Rediff.com finds out.
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
Khan was convicted in the Toshakhana case which was filed last year on the complaint of the Election Commission of Pakistan (ECP) which had earlier disqualified him in the same case.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
The holy grail of all motorcycles, the M V Agusta Turismo Veloce 800, finds its way to India.
Google on Thursday said it will offer users of Google Pay enhanced privacy features, allowing them to take control of their own transaction data. Google Pay is rolling out an update to the app from next week that will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app. All users will be asked to choose whether they would like to turn the control on or off as soon as they upgrade to the next version of the Google Pay app.
Silicon-Valley based serial techpreneur and Hotmail co-founder Sabeer Bhatia has launched a purpose-driven social video messaging platform, ShowReel, that aims to enable employment and upskilling opportunities for job seekers globally.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
Reliance Retail's digital commerce platform JioMart will morph into an e-marketplace offering multiple brands - from electronics, consumer durables, fashion and lifestyle, beauty, home, kitchen, and grocery - as it girds up to take on the likes of Amazon and Flipkart ahead of the festival season sales. India's largest retailer was in the process of onboarding third-party sellers these past few months, further increasing its selection across categories multifold. Its website and application offers general merchandise as well.
The coronavirus pandemic has changed how businesses look at payments. Earlier, fintech companies said when they were talking to merchants, they were not interested in digitisation.
The launch kicks off a busy period for Waterloo, Ontario-based BlackBerry.
