[ad_1] MUMBAI: India is among the safest countries in the world when it comes to online transactions, due to RBI‘s decision to tokenise every transaction, according to Mastercard.“India is the only country that tokenises every online transaction, reducing fraud and disputes. However, social engineering frauds – where customers are tricked into payments or sharing credentials…
[ad_1] In a surprising move, the Reserve Bank of India (RBI) has directed card networks such as Visa and Mastercard to halt card-based commercial payments made by corporations and small enterprises. Transactions carried out at possible unauthorized business outlets accepting card payments have been temporarily suspended, according to industry sources. While the exact reason behind…
[ad_1] Visa and Mastercard have asked the US Supreme Court to overturn a judge’s order allowing consumers and a group of ATM operators to band together in class actions seeking billions of dollars in damages over transaction fees. The two payment card giants in a filing at the high court argued that a Washington, D.C.,…