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Hitachi Payment Services appoints Sumil Vikamsey as MDSumil Vikamsey has been associated with the company since 2010 with experience in finance, strategy, and development, analytics, and allied...- Who will foot bill of digital pay, industry wants to knowOne of the major industry segments that could get affected by the move is companies which help banks process card transactions and manage t...
- PCI appoints new chairman Vishwas Patel & co-chairman Loney AntonyVishwas has been associated with PCI ever since its inception in 2013 and was serving as its Co-Chairman of Payments Council of India.
- RBI to scrap subsidies for installation of ATM and cash-recyclers machinesThe regulator also noted that in order to encourage technology absorption in currency operation of banks such subsidies were given in the p...
- Take Rs 200 notes to ATMs, RBI tells banksRBI's move comes amidst criticism that the very purpose of demonetisation is being defeated with the circulation of a huge number of Rs. 2,...
- White Label ATM industry hopes to get support from RBI for next round of growthIn its annual report published last week, the Reserve Bank of India (RBI) said that it would comprehensively review the WLA guidelines.
- Third-party ATM use up as banks install few machinesBefore demonetisation, an average 40% of customers used other banks' ATMs for cash withdrawal.Now, the number has shot up to almost 55%.
- HDFC Bank rationalises ATM networkSince December 2016, the total number of ATMs has increased by 2,616 to 2,08,476 ATMs. But the story is quite different in while label ATMs.
- Hitachi may face Rs 10 cr liabilities for card breachHitachi denied to have received any claims. “We have not received any claims so far,“ said Loney Antony , MD at Hitachi Payment Services.
- Hitachi owns up: Systems compromised in 2016 leading to scareHitachi confirmed the breach and said that they will continue to undertake all mandatory and regulatory security measures.
- Card system collapse bleeds weekendersThe failed transactions took place in a two-hour window from 6pm to 8pm, when card transactions peaked, and were reported from across the c...
- MasterCard, Visa and RuPay to take Rs 1,000-crore revenue hit as they help push digital paymentsThis loss is because the merchant discount rate (MDR) on the usage of debit cards at PoS (point of sale) transactions has been waived till ...
- Largest amount of cash ever will be in transit simultaneouslyThe biggest challenge for ATM operators would be to empty the current lot of Rs 500 and Rs 1,000 notes.
- Hiding behind a veil of silence: It took banks 6 weeks to report the breachThe RBI and National Payments Corporation of India (NPCI), the nodal agency that links all ATMs, are trying to estimate the extent of the d...
- Who'll foot the bill? Banks or payment providers?The actual financial liability due to the breach is still not clear, though the NPCI puts it at just Rs 1.3 crore based on declarations by ...
- Prizm Payment launches white label ATM Money SpotPrizm Payments plans to deploy at least 10,000 Money Spot ATMs across India in the first phase of rollout.
- Hitachi buys financial services provider PrizmHitachi has acquired Chennaibased Prizm Payment Services, a provider of financial services to banks and financial institutions in the count...
- Private equity giant Carlyle in advanced negotiations with promoters of Prizm Payments for controlling stakeCarlyle is in advanced negotiations with the promoters of Prizm Payments for a controlling stake in the company that is one of India's lead...
- Tata Communications in talks to buy stake in Prizm Payments ServicesTata Communications is negotiating to buy a substantial stake in Chennai-based Prizm Payments Services in order to expand its payment servi...
- Prizm Payments to raise 500 cr to fund expansionPayment service provider Prizm Payments is looking to raise over 500 crore from private equity investors to fund its expansion plans.
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