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AFA REQUIREMENT
No two-factor authentication needed for payment up to Rs 15,000 through e-mandate; higher recurring limit for these transactionsThe Reserve Bank of India introduces a new e-mandate framework for digital payments effective 2026. As per new rules, all recurring transac...
RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytimeThe Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments,...
What changes will RBI’s new rules bring to digital payments from April 1?India's digital payments are getting a security upgrade. From April 1, the Reserve Bank of India will require two-factor authentication for...
To prevent frauds, international online transactions will soon need additional authentication factorOTP for international txn: The Reserve Bank of India (RBI) has announced introduction of additional factor of authentication for internatio...
RBI proposes changes in Indian banks' websites to make your internet banking saferRBI Governor Sanjay Malhotra announced new security measures to make internet banking safer, including the implementation of a 'bank.in' do...
RBI’s new rules for two-factor authentication of digital payments; Check alternative methods proposedThe Reserve Bank of India has made securing digital payments a top priority, emphasizing the need for Additional Factor of Authentication (...
No OTP authentication for UPI auto payments up to Rs 1 lakh for these three transactionsThe Reserve Bank of India (RBI) has hiked the transaction limit for UPI auto payment limits requiring OTP -based authentication to Rs 1 lak...
Mutual fund e-mandate limit without AFA increased to Rs 1 lakhThe governor was announcing the decision of the Monetary Policy Committee or MPC. The MPC has decided to hold the policy rate - the Repo Ra...
RBI hikes limit on auto-debits from debit, credit cards sans OTP to Rs 15,000The Reserve Bank of India (RBI) announced the hike in amount for e-mandate for recurring payments made via credit and/or debit cards sans a...
RBI raises limit of e-mandates for transactions up to Rs 15,000Mumbai, Jun 16 (PTI) The Reserve Bank on Thursday raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per...
How to protect your debit, credit card from fraudstersAs the number of people who use their cards to make purchases has increased, so has the number of cases of card-related fraud. Here are the...
Google sues South Korean regulator to overturn $173 million fineThe legal action by Google against the Korea Fair Trade Commission (KFTC) came after the KFTC decided in September last year to fine Google...
New auto debit rules of RBI set to kick in from FridayOn December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domest...
South Korea fines Google $177 million for blocking Android customisationThe Korea Fair Trade Commission said terms with device makers amounted to abuse of Google's dominant market position that restricted compet...
Automatic recurring payment to comply with RBI direction from April 1Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried fol...
Digital transformation vital to airline recovery and future profitabilityAccording to a study by Amadeus scientists in the Journal of Revenue and Pricing Management, a 10% increase in forecast accuracy can lead t...
India's external storage market declines 14.8% in Q3 FY2020: IDCThe decline was largely on account of a decrease in spending from professional services, government and manufacturing organisations during ...
India's external storage market sees 37 pc decline in growth on COVID-19 woes: IDCThe majority of the y-o-y decline is due to the impact of COVID-19 resulting in delayed demand for storage across organisations during the ...
RBI relaxes norms for online card transactions up to Rs 2,000In this model, the card issuing banks will offer the payment authentication solutions of the respective card networks to their customers on...
- Maradona as Argentina's coach
Even a Hollywood scriptwriter could not have come up with such a script.