The regulator also noted that in order to encourage technology absorption in currency operation of banks such subsidies were given in the p...

RBI's move comes amidst criticism that the very purpose of demonetisation is being defeated with the circulation of a huge number of Rs. 2,...

In its annual report published last week, the Reserve Bank of India (RBI) said that it would comprehensively review the WLA guidelines.

Before demonetisation, an average 40% of customers used other banks' ATMs for cash withdrawal.Now, the number has shot up to almost 55%.

Since 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 denied to have received any claims. “We have not received any claims so far,“ said Loney Antony , MD at Hitachi Payment Services.

Hitachi confirmed the breach and said that they will continue to undertake all mandatory and regulatory security measures.

The failed transactions took place in a two-hour window from 6pm to 8pm, when card transactions peaked, and were reported from across the c...

This loss is because the merchant discount rate (MDR) on the usage of debit cards at PoS (point of sale) transactions has been waived till ...

The biggest challenge for ATM operators would be to empty the current lot of Rs 500 and Rs 1,000 notes.

The RBI and National Payments Corporation of India (NPCI), the nodal agency that links all ATMs, are trying to estimate the extent of the d...

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 Payments plans to deploy at least 10,000 Money Spot ATMs across India in the first phase of rollout.

Hitachi has acquired Chennaibased Prizm Payment Services, a provider of financial services to banks and financial institutions in the count...

Carlyle 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 is negotiating to buy a substantial stake in Chennai-based Prizm Payments Services in order to expand its payment servi...

Payment service provider Prizm Payments is looking to raise over 500 crore from private equity investors to fund its expansion plans.