Credit Cards

  • Credit card fraud: Court asks police to file FIR against ICICI Bank CEO 1 week ago

    Lucknow: A local court has directed the police to lodge an FIR against ICICI Bank CEO Chanda Kochhar and head of card operations Vinay Valse in connection with allegations of cheating and fraud over online shopping through credit card. Chief Judicial Magistrate, Lucknow, Sunil Kumar pronounced the order on Thursday on...
  • Beware! New virus steals your debit, credit card information July 28, 2014

    New Delhi: Debit and credit card owners in the country have been alerted by cyber security sleuths against the damaging activities of a virus which attacks Point of Sale (POS) business counters to steal confidential data like card number and passwords. The virus, of the deadly Trojan/Botnet family, is prowling in...
  • Virus stealing debit, credit card information prowling online portals July 27, 2014

    New Delhi: Debit and credit card owners in the country have been alerted by cyber security sleuths against the damaging activities of a virus which attacks Point of Sale (POS) business counters to steal confidential data like card number and passwords. The virus, of the deadly Trojan/Botnet family, is prowling in...
  • Visa launches new Visa Checkout service to make online payments simpler July 17, 2014

    New York: Payment processor Visa is launching a new service called Visa Checkout that eliminates a few steps in online payment. The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a quicker payout will lead to fewer abandoned shopping carts online. As more customers shop...
  • India's get its own payment gateway 'RuPay' May 8, 2014

    New Delhi: India on Thursday launched its own payment gateway 'RuPay', equivalent of Visa and Mastercard, which will work on ATMs and mechant outlets and help in reducing cash transactions. President Pranab Mukherjee unveiled the indigenous card at a function in Rashtrapati Bhavan. Dedicating it to the nation, Mukherjee said India...
  • 1.5 lakh cash stolen from customer's bag in bank April 23, 2014

    Cash worth Rs 1.5 lakh has been allegedly stolen from a customer's bag by unidentified persons in a bank here, police said. A customer Jagdish Meena, who holds an account of Kisan Credit Card (KCC) in the State Bank of Bikaner ~~amp;amp; Jaipur's (SBBJ) Old Dhan Mandi branch, in his complaint...
  • 1 in every 14 Americans a victim of identity theft December 13, 2013

    Washington: The US government says 1 out of every 14 Americans age 16 or older was a target or a victim of identity theft, a crime imposing a heavy emotional toll on many of its victims. According to a national household survey of 70,000 people issued by the Bureau of Justice...
  • Allow loans on credit cards but tell customers how much EMI to pay: RBI to banks October 10, 2013

    The Reserve Bank on Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process. "There is no ban on giving loans on credit cards. Don't charge 12 per cent actually and claim...
  • MP govt gave Rs 9,000-cr farmer loans on zero per cent interest in 2012 September 13, 2013

    In a push to make agriculture more profit-oriented, the Madhya Pradesh government provided Rs 9,000 crore in loans to 30 lakh farmers on zero per cent interest rate in 2012. Stating this, an official release said in Bhopal on Friday that the state government, under the leadership of Chief Minister Shivraj...
  • Only 3.6 per cent Indian households undertake cashless transactions September 7, 2013

    New Delhi: Just 3.6 per cent households in the country undertake cashless transactions, although the government and the Reserve Bank have been taking steps to promote e-payment channels, says a report. It cited poor acceptance of cards by sellers and lack of awareness about cashless systems/options as the two main reasons...
  • Delhi Police arrests con man for credit card frauds July 15, 2013

    New Delhi: A con man from Maharashtra who cheated ICICI Bank customers by obtaining their credit card data has fallen into the Delhi Police net after illegal online transactions of over Rs 1 crore in the past one year, said an official on Sunday. Raju Tevar was arrested last week by...
  • ICICI credit card scam: Police arrests main accused, tracks his location using Facebook July 14, 2013

    New Delhi: Delhi police have busted a credit card scam involving ICICI bank. The main accused was tracked down using his Facebook location and pictures. The con man, Raju Tevar, had cheated ICICI Bank customers by obtaining their credit card data. Investigators found his photograph on his account on Facebook, a...
  • Naveen distributes free mobile phone sets among farmers June 19, 2013

    Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Tuesday distributed 5,000 mobile phone sets among farmers while launching the scheme. "The farmers can access the market information related to agriculture through the mobile phones," Patnaik said, adding that they would get voice calls and SMS in Odia language. Inaugurating the Digital...
  • US: Global $200 million credit card hacking ring busted June 6, 2013

    New York: Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, US and UK law enforcement officials said on Wednesday. "One of the world's major facilitation networks for online card fraud has been dismantled by...
  • AP: Three members of white collar criminal gang arrested May 22, 2013

    Hyderabad: Three members of an inter-state white collar criminal gang who allegedly indulged in fraudulent transactions worth over Rs 3 crore from across the country, including the national capital, were arrested on Tuesday, the police said. The accused, including Anshul Thapar from Ludhiana, K Govardhan from Chitoor in Andhra Pradesh...
  • West Bengal government achieves 7.6 per cent GDP growth May 17, 2013

    Kolkata: The West Bengal government achieved 7.6 per cent growth in GDP compared to the national average of 4.96 per cent during the last financial year. In industry, the growth rate was 6.24 per cent against the national average of 3.12 per cent, Finance Minister Amit Mitra claimed while releasing...
  • Delhi: Four arrested for using 57 fake credit cards May 3, 2013

    New Delhi: Four people were arrested for using 57 fake credit cards to dupe a major bank of over Rs 40 lakh to support their lavish lifestyles, police said on Thursday. Mayank Jain, 28, Roshan Dass, 27, Kuldeep Srivastava, 23 and Ashok Ganwani,35 got the cards issued from Citibank on...
  • US: Website publishes crucial personal details of Romney, Tiger Woods, others March 16, 2013

    A website in the US has posted crucial personal details of celebrities like Mitt Romney and Tiger Woods, which include their financial detail, credit card debt and mortgage information. ...
  • Your finger may soon replace your credit card February 22, 2013

    Rapid City: Futurists have long proclaimed the coming of a cashless society, where dollar bills and plastic cards are replaced by fingerprint and retina scanners smart enough to distinguish a living, breathing account holder from an identity thief. What they probably didn't see coming was that one such technology would make...
  • US: 18 charged in $200 million global credit card fraud February 6, 2013

    Newark: Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said on Tuesday. The elaborate scheme involved improving...
  • US: 18 charged in $200M global credit card fraud February 6, 2013

    Newark: Eighteen people have been charged in what may be one of the largest US credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said on Tuesday. The elaborate scheme involved improving...
  • Watch: Bank creates diamond encrusted pure gold credit card October 31, 2012

    Kazakh bank Sberbank has created a diamond encrusted credit card made from gold for its top 100 customers. The card made with Visa does not have a magnetic swipe but can be used for chip and pin transactions. The cards are made of pure gold inlaid with 26 diamonds and...
  • New ultrathin lens to make mobiles as thin as credit cards September 20, 2012

    Washington: Scientists are developing a new ultrathin lens which could lead to smart phones as thin as a credit card. The new lens is flat, distortion-free and so small that more than 1,500 would fit across the width of a human hair - capable in the future of replacing lenses...
  • Kakkar murder: How Vora helped Palande April 24, 2012

    Mumbai: Why did stockbroker Gautam Vora go out of his way to allegedly provide material and logistical support to a murder accused on the run? After Vora’s arrest on Monday, Crime Branch officers are now sleuthing to determine if he is in any way connected to Karan Kakkar’s murder. Cops...
  • MasterCard, Visa warn of possible security breach March 30, 2012

    New Delhi: Global credit card giant MasterCard is investigating a possible breach of cardholder information, says The Wall Street Journal. The breach was reported by Krebs On Security blog and which also said that MasterCard's rival Visa was also informing card-issuing banks about a breach involving a US-based payment processor. None...
  • Bangalore: Pay property tax through cards March 7, 2012

    BANGALORE: This year property tax collection is likely to be a paperless transaction. Citizens can pay their  property tax to BBMP through their debit and credit cards, if everything goes as planned.BBMP Commissioner M K Shankarlinge Gowda directed the revenue officials to prepare for property tax collection for the year...
  • Which credit card personality are you? March 3, 2012

    Managing finance is a complex task and it's very easy to fall into a debt trap if you misuse the power of free credit. Credit card provides you the power but it never suggests that this power is unlimited. You have to pay the dues at the end of the...
  • Google Wallet a security risk: Researchers February 11, 2012

    Reuters: Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp. Mobile payment services that allow consumers to pay by waving their phone at a check-out terminal, instead of using a credit card, have long been...
  • Hackers steal Israeli credit card numbers January 3, 2012

    Jerusalem: Computer hackers published details of thousands of active Israeli credit cards after breaking into Israeli websites, the chief executive of Israel's largest card company said Tuesday. Dov Kotler, CEO of Isracard, a unit of Bank Hapoalim, said in a statement that a file containing 400,000 Israeli credit card numbers had...
  • Chennai: four arrested in credit card fraud October 31, 2011

    Chennai: In a major crackdown on credit card fraudsters, the Central Crime Branch of the Chennai Police has arrested a four member gang in Chennai. In the last one month three such gangs have already been nabbed for using various methods to commit frauds with both credit and debit cards....