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Visa, MasterCard to pay billions in card-fee suit

Washington, Jul 14: Credit card giants Visa and MasterCard agreed to pay more than USD 6 billion to millions of merchants which had sued them for allegedly fixing card-use fees. In a negotiated settlement to resolve the seven-year-old case, Visa ...

ElectraCard ties up with IndusInd Bank

Chennai, Jun 2: Technology and business solutions provider ElectraCard Services has tied-up with IndusInd Bank to offer technology and processing services for the bank's credit card business with immediate effect. Through the association, ECS would cater the technology, pr...

IndusInd snaps up Deutsche Bank India's credit card biz

Mumbai, Apr 11: The Hinduja Group-promoted IndusInd Bank today (Apr 11) said it has agreed to acquire Deutsche Bank's loss-making credit card business in the country. IndusInd Bank managing director and chief executive Romesh Sobti said, "We are happy to have ...

Email alerts on all card-based transactions from June 30: RBI

Mumbai, Mar 29: Customers will get alerts on their e-mails for all transactions done through their debit or credit cards from June 30, 2011. The guidelines issued to the lenders by the Reserve Bank is aimed at checking fraudulent transactions and ...

StanChart launches SME banking world debit card

Mumbai, Mar 28: Standard Chartered Bank, today said that it has launched its SME Banking World Debit Card, a first-of-its-kind cash management tool that provides convenience, savings and relationship rewards for small-and- medium-enterprise (SME) customers. This debit card...

Withdraw cash from any ATM for free from Apr 1

New Delhi, Mar 29: Giving relief to common man, banks in India from Apr 1 will not charge extra for cash withdrawals using ATM and debit cards issued by other banks. Thanks to an RBI! But banks can charge a fee ...

American Express to slash 7,000 jobs

New York, Oct 31: American Express Co said on Thursday, Oct 31 it will cut 7,000 jobs, slash expenses and scale back investments to save $1.8 billion next year, in its biggest restructuring since 2001 as it struggles with bad loans ...

American Express launches the Platinum Club in Chennai

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RBI warns Indian Banks about credit card frauds

Bangalore, May 21: Expressing concern over the rising 'physical loss' of the credit cards, including international credit cards, RBI Deputy Governor V Leeladhar today said that the banks should be extremely careful while keeping the custody of the ...

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