Banks establish daily limits for transactions at ATMs and POS terminals, and these limits may change based on the type of card used.

SBI Card’s latest Campaign ‘Contactless Connections’ urges us to continue spreading #ContactlessKhushiyan to our dear ones.

Banks will also have to enable 'Pay to Aadhaar' facility on the BHIM app by March 31 with SBI and PNB asked to provide the facility by the ...

Axis Bank's Secure+ cards have an embedded microchip and an antenna (based on radio frequency) enabling "contactless" communication with a ...

The Reserve Bank of India has instructed banks to shift from magnetic stripe based ATM and debit cards to EMV chip and Pin based model of c...

This will empower merchants to customise individual needs like home delivery, insurance, retailing & e-tailing, radio taxis and ticketing, ...

The average ticket size for an ATM transaction is Rs 3,654 so majority of transactions would be covered through cash out .

The company plans to launch this mPOS solution to metros like Delhi, Hyderabad, Chennai, Mumbai, Kolkata and Chandigarh.

Banks are also in a dilemma over new machines as RBI has made it mandatory that all new machines should be capable of biometric identificat...

ICICI Merchant Services, an alliance between ICICI Bank and electronic commerce and payment services company First Data, plans to replace 2...

The "severely" spreading virus of the Trojan family has been detected conducting its clandestine operations at the POS counters placed at r...

Debit card holders will from Sunday be required to punch in their PIN numbers every time they use the card, a move aimed at minimising frau...

The RBI has made it mandatory for banks to implement Aadhaar authentication for card transactions at merchant locations.

The Reserve Bank today advised banks that they may adopt Aadhaar as additional authentication or move to EMV chip and pin technology.

Come July 1, and you could see retailers across the country urging you to use your debit cards instead of credit cards.

RBI today asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years.

The RBI had set up the working group in April 2010 to suggest guidelines for banks covering the entire gamut of electronic banking.