Search Results for: bank fraud

Last week, Reserve Bank of India proudly announced the launch of a “Unified Payment Interface” (UPI) hailed as the next giant leap in “Digital Payment System Innovation”. UPI is expected to make our mobiles a universal instrument for all forms … Continue reading →

The Unified Payment System launched by RBI on 12th April 2016 on a platform managed by National Payment Corporation of India (NPCI) poses a huge challenge to the security of public money held in Banks. As we go forward, the … Continue reading →

True Caller is a reasonably popular mobile App which many mobile users in India have downloaded and installed. When the user receives a call from another True Caller user, though his name may not be in the contact list of … Continue reading →

When a customer uses a debit card online, the card payment is authenticated by a system of payment gateways and money transferred from the card issuing Bank to the Merchant so that the Merchant can release the service. Normally the … Continue reading →

Two years back we wrote the following posts: RBI and ECGC should consider trade remittances to Hong Kong as Highly Risky : July 14, 2013 Syndicate Bank loses Rs 1.13 crores of customer’s money: November 26, 2013 Negligence of Export Promotion … Continue reading →

We are all Netizens who depend on Internet for our day to day communications as well as transactions. It has been several days since we have visited Banks physically and are happy to transact through Internet and Mobiles. Come to … Continue reading →