Yes Bank to enter credit cards, hires Prabhu to lead division

Last Updated: Tuesday, September 1, 2015, 15:43

"Credit cards are being launched in Q1 of FY17 to fully complete the retail banking product suite," the bank said in a statement.

EU says MasterCard overcharges customers, retailers

Last Updated: Friday, July 10, 2015, 00:17

The EU said Thursday that US credit- card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault over fees levied on card payments.

'Traders can pay fees using credit, debit cards from this week'

Last Updated: Tuesday, July 7, 2015, 15:21

Exporters and importers will be allowed to pay their fees and penalties through debit or credit cards from this week, a move aimed at further improving the ease of doing business in India.

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

Last Updated: Thursday, July 2, 2015, 03:47

Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers.

Use credit or debit card? Here are the benefits govt has planned for you

Last Updated: Tuesday, June 23, 2015, 11:14

The government has proposed income tax benefits for people making payments through credit or debit cards. This move also aims to boost digital payement and encouraging non-cash transactions.

Need to move towards plastic currency: FM Jaitley

Last Updated: Tuesday, June 2, 2015, 15:04

Finance Minister Arun Jaitley on Tuesday made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes.

Federal Bank, SBI Card collaborate to launch credit cards

Last Updated: Monday, May 18, 2015, 20:44

Private sector Federal Bank along with card issuing company SBI Card Monday launched co-branded credit cards.

SBI launches contactless debit and credit cards

Last Updated: Thursday, May 14, 2015, 19:17

State Bank of India Thursday joined its private sector rivals to launch contactless credit and debit cards using latest near field technology (NFC).

Rs 4,733 cr collected in taxes via Non-filer Monitoring System

Last Updated: Friday, May 8, 2015, 17:25

Government has collected Rs 4733.61 crore in taxes since 2013 through Non-filer Monitoring System that tracks large value financial transactions, including via credit cards.

RBI to banks: Only chip, PIN based debit/credit cards from September

Last Updated: Thursday, May 7, 2015, 19:23

The Reserve Bank on Thursday asked banks to issue only chip-based and PIN enabled debit and credit cards from September, a move aimed at protecting customers from frauds.

Yet to decide on roping in partner for credit cards biz: SBI

Last Updated: Thursday, May 7, 2015, 16:57

Country's largest lender SBI today said it is yet to decide on roping in a partner for its credit cards business after its long-time associate GE Capital has announced to exit financial business globally.