ATM Cards News

A case was registered against an Assistant Sanitary Inspector, for allegedly not paying a complete salary to the temporary staff working at MCD and used to take their ATM cards The CBI laid a trap and caught the Assistant Sanitary Inspector and a temporary staff of MCD while accepting the bribe amount from the complainant

The Finance Ministry on Thursday said only about 0.5 percent of debit cards were compromised while the remaining 99.5 percent were safe adding that there was not need for need for banks and customers to panic.

Leading global payments and technology company Mastercard on Thursday assured its customers that its own systems have not been breached amid fears rising out of security breach with as many as 3.25 million debit cards in India.

RBI Thursday asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards.

The Reserve Bank of India (RBI) on Wednesday told the Delhi High Court that putting a cap on the number of withdrawals by banking customers using their ATM cards without being charged, is a policy decision taken in public interest.

The Delhi High Court on Wednesday questioned Reserve Bank of India's decision to put a cap on withdrawals by banking customers using their ATM cards, saying account holders were being "unneccesarily taxed".