RBI has issued a new directive on 18th Feb’09 mandating Banks and Credit Card Companies to put in place an additional authetication/validation for all “card not present” transactions from 1st Aug’09. Further “online alerts” must be provided to the customer for all “card not present” transactions of value of Rs.5,000/- and above. This is a … Read more
In today’s (12/Feb/2009) BUSINESS LINE Newspaper, I read an article on Surcharges on Credit Card. I was surprised to read that Charging Extra by the merchant is a voilation of the rules and agreement for acceptance of Card. (I have been all along think this was legal). Read more here (Business Line Website) This means … Read more
What is the real reason behind the active “Go Green” Campaign by many Companies (esp. in the Financial Sector in India)? Do they really want to help Save the Planet? Most “Go Green” Campaigns by the Financial Sector Companies start with sending Email statements to their customers – be it banks, Mutual Funds or Credit … Read more