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Monthly Archives: September 2013
RBI mandates Bank liability for POS frauds
RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading
Posted in Bank, RBI
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Facebook Banking application from ICICI Bank
The ICICI Bank application on Face Book that facilitates money transfers to “Friends” is reported to have the following functionality. The application is called “Pockets” -Split & Share that allows customers to split and track expenses and share them with … Continue reading
Posted in Bank
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Discussion Paper on Future Banking Structure in India
RBI had released a discussion paper on the Indian Banking Structure-Future Way Ahead. Comments can be sent upto October 31 2013. Copy of the discussion paper is available here The discussion paper has many points of debate such as Small … Continue reading
Posted in Cyber Law
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RBI may very well disclose its favourite Bank Licensee
In a series of changes announced by RBI on the criteria for selecting Bank licensees, one more statement has come out today stating that “RBI may dilute the initial Capital Requirement to accommodate more licenses”. Report Coming after addition of … Continue reading
Posted in RBI
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Khayaal aapka..loss bhi aapka..laabh to hamara
In an interesting technology innovation, ICICI Bank has announced introduction of a “Face Book” application which can enable you transfer funds from your account to your face book friends. According to information available, in order to make a payment to any … Continue reading
Revenge Porn Law Contemplated in California
A Bill to criminalize acts of vengence by ex-spouses/ex-boy/girl friends posting obscene pictures on the Internet is contemplated to be punished under a new law proposed in California. The proposed punishment is 6 months jail and/or US $1000 as fine. … Continue reading
Posted in Cyber Crime, ITA 2008
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