Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
According to data from Venture Intelligence, PEs invested in two mobile payment solutions firms each in 2009, 2010 and 2011. This grew to four deals in 2012 and five deals in 2013.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
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