Daily Archives: May 19, 2013

Problem of Near Field Communication in Credit Cards

Posted on May 19, 2013 by Vijayashankar Na

It has been reported by BBC that in a Marks and Spencer outlet it was observed that when one customer was trying to swipe his card for payment, the POS recorded the transaction by picking up card data from another card which … Continue reading →

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Another Great E Banking Robbery Could destroy our Banking system

Posted on May 19, 2013 by Vijayashankar Na

The recent Bank Fraud in Mumbai in which an amount of Rs 2.41 crores was transferred out of RPG group’s account with Yes Bank coming close on the heels of US$45 million Card fraud in USA should raise the concerns … Continue reading →