A- A A+
Last Updated : Feb 29 2020 12:55PM     Screen Reader Access
News Highlights
PM to launch 10,000 Farmer Producer Organizations; also to lay foundation stone for Bundelkhand Expressway            FM asserts resurgent economy will make govt go forward with more confidence            Strict action will be taken against those found circulating hate material on social media: Delhi Police            India says New Delhi stands with Afghanistan for national unity & territorial integrity            2nd Test: New Zealand win toss; elect to bowl against India           

Business News

Jan 16, 2020
7:48AM

RBI asks issuers to provide facility to switch on, off cards to prevent frauds

@RBI
Reserve Bank has asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards, a move aimed at enhancing security for digital transactions.

The RBI said that at the time of issue or re-issue, all cards (physical and virtual) should be enabled for use only at contact based points of usage [ATMs and Point of Sale (PoS) devices within India.

The central Bank said issuers should provide cardholders a facility for enabling card not present (domestic and international) transactions, card present (international) transactions and contactless transactions.

 It said, the channels should include mobile application, internet banking, automated teller machines, or interactive voice response.


The RBI further said that for existing cards, issuers may take a decision, based on their risk perception, whether to disable the card not present (domestic and international) transactions, card present (international) transactions and contactless transaction rights.

Live Twitter Feed

Listen News

Morning News 29 (Feb) Midday News 28 (Feb) News at Nine 28 (Feb) Hourly 29 (Feb) (1200hrs)
समाचार प्रभात 29 (Feb) दोपहर समाचार 28 (Feb) समाचार संध्या 28 (Feb) प्रति घंटा समाचार 29 (Feb) (1205hrs)
Khabarnama (Mor) 29 (Feb) Khabrein(Day) 28 (Feb) Khabrein(Eve) 28 (Feb)
Aaj Savere 29 (Feb) Parikrama 28 (Feb)

Listen Programs

Market Mantra 28 (Feb) Samayki 28 (Feb) Sports Scan 28 (Feb) Spotlight/News Analysis 28 (Feb) Samachar Darshan 28 (Feb) Radio Newsreel 27 (Feb)
    Public Speak

    Country wide 20 (Feb) Surkhiyon Mein 20 (Feb) Charcha Ka Vishai Ha 26 (Feb) Vaad-Samvaad 25 (Feb) Money Talk 18 (Feb) Current Affairs 28 (Feb)
  • Money Matters 28 (Feb)
  • International News 28 (Feb)
  • Press Review 29 (Feb)
  • From the States 29 (Feb)
  • Let's Connect 28 (Feb)
  • 360°- Ek Parivesh 28 (Feb)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 28 (Feb)
  • Sanskriti Darshan 28 (Feb)
  • Fit India New India 29 (Feb)