Tag Archives: india

OneAssist raises USD 18 million in Series C funding

By | June 23, 2017

OneAssist Consumer Solutions, a company that provides users insurance against credit card, smartphone and wallet thefts, raised USD 18 million in series C funding led by existing investors Sequoia Capital, Lightspeed Venture Partners and New York-based insurance provider Assurant. This round also saw the entry of a new investor, Moonstone Investments. “Our vision for OneAssist is to build… Read More »

Cybercrime: Debit/credit card fraud in Navi Mumbai drops by 22% from Jan-May 2016

By | June 20, 2017

Debit and credit card frauds in Navi Mumbai fell to 300 between January and May this year from 365 in the corresponding period last year — a drop of 22%. The Navi Mumbai police have attributed the drop to increasing awareness programmes. After demonetisation in November last year, cybercrimes, including card frauds, have seen an upward swing in… Read More »

India – Madhya Pradesh to get nine new passport centres

By | June 19, 2017

BHOPAL: The Union government has decided to open passport centres at nine new locations in Madhya Pradesh. External affairs minister Sushma Swarajrecently announced the launch of 149 new Post Office Passport Seva Kendras (POPSK) across the country, including nine in MP. “These will be in addition to four POPSKs announced by the ministry of external affairs in the… Read More »

India – AXIS BANK, KMRL Launch KOCHI1 Card For Commuters

By | June 17, 2017

Kochi: Axis Bank, India’s third largest private sector bank in association with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank ‘Kochi1’ Card, India’s first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi.  Axis Bank has partnered with National Payments Corporation of India (NPCI) in… Read More »

India – Kochi-One smart card to be launched on June 17

By | June 11, 2017

The much awaited multi-purpose Kochi-One smart card for commuters will be launched during the inaugural function of the Metro project on June 17. The passengers can use the co-branded cards for taking various modes of transport including private buses, boats and also for mercantile and internet transactions. It can be linked to any bank account of the user… Read More »

India – Visa eyes big bucks from ‘contactless payments’

By | May 28, 2017

MUMBAI:  Global payments technology company Visa is bullish on the Indian market to grow its contactless payment solutions.The company, which recently launched the country’s first open loop contactless toll payments at NHAI’s Manesar toll plaza, expects an increase in adoption from sectors like retail. “We are likely to witness a major shift in technology migrating from plastic cards… Read More »

India – Ex-servicemen will soon get new smart cards to avail healthcare benefits

By | May 26, 2017

NEW DELHI: Veterans will soon get new smart cards to avail healthcare benefits with the ex-servicemen department introducing new security features to ensure that the facility is not misused. The new cards, expected to be issued with two to four months, will have features like a chip that will store all information for the veteran and family members.… Read More »

India – Visa launches Proof of Concept for contactless toll payments with IDFC Bank

By | May 15, 2017

MUMBAI: Visa, the global payments technology firm, launched a first proof-of-concept (PoC) to showcase open loop contactless toll payments at National Highway Authority of India’s (NHAI) Manesar toll plaza. Once commercialized, open loop payment systems (compatible with contactless cards issued by any bank or provisioned in enabled devices) could significantly reduce congestion and waiting times at toll plazas,… Read More »

Smart Card IT Solutions to invest ₹200 cr. to expand

By | May 13, 2017

Smart Card IT Solutions, a leading maker of debit, credit and smart cards, has announced plans to invest ₹200 crore during this year to double manufacturing capacity and to set up card ‘personalisation bureaus’ at multiple locations as Government fuels a move toward digitisation. The company currently manufacturers 1.2 million smart cards daily at its manufacturing units in… Read More »

India – Passport forgers face invisible foes

By | May 7, 2017

New Delhi, May 7: New Indian passports will from June bear three fresh layers of embedded security features that will aim to lower the risk of forgery that has rattled the country’s strategic establishment for years. The introduction of the new features in all new passports will be part of a long overdue technology makeover that the US… Read More »

India – Bank executive held for card ‘fraud’

By | April 23, 2017

KOLKATA: Bidhannagar Police on Friday arrested a private bank employee in connection with credit card fraud. Two more accused, one of them an employee of the same bank, were arrested earlier this week. They duped the bank of Rs 18.18 lakh. Sources said accused Anupam Bhaumik and Sutirtha Saha are employees of the Salt Lake, BD block branch… Read More »

Fake Passport Row: CBI Files FIR Against MEA Officials

By | April 18, 2017

The Central Bureau of Investigation (CBI) has filed an FIR against unknown officials from the Ministry of External Affairs (MEA) for issuing fake passports to 12 people. The FIR report states that the CBI received a tip-off that unknown MEA officials have committed criminal misconduct by abusing their official position as public servant and entered into a criminal… Read More »

India – How To Fix Aadhaar: Destroy the database, issue a smartcard and make linking to services optional

By | April 17, 2017

  Getty Images So far, various people and agencies associated with Aadhaar have repeatedly proclaimed that the Aadhaar database is adequately secured. The list includes the Unique Identity Authority of India (UIDAI), UIDAI CEO Ajay Bhushan Panday, the Minister of State for Electronics and IT PP Chaudhary and IT Minister Ravi Shankar Prasad, who did it twice. The… Read More »

India – Debit Card Fraud: Bulgarian National Arrested For Using Cloned Card at ATM

By | April 16, 2017

The cyber cell of the Mumbai police Saturday arrested a Bulgarian national for allegedly trying to use a cloned debit card to withdraw cash from an ATM in Juhu. The accused, who had come to the city on a tourist visa nearly a month back, was tracked down on the basis of CCTV footage. The police are now… Read More »

India – Dear Mumbaikar, Here’s Why You Should Not Reveal Card Details Over Phone

By | April 15, 2017

Mumbai: In yet another instance of cyber fraud in the city, a 52-year-old man from Ghatkopar was duped of nearly Rs 3 lakh by an unknown person. The accused withdrew the victim’s money from his bank account through online shopping, PayTm etc. The victim, Arun Kamble, a resident of Nalanda, Ghatkopar, received a phone call from an unknown… Read More »

Aadhaar Is A Civil Liberties Issue: What India Can Learn From Countries That Resisted Biometric Databases

By | April 10, 2017

Despite several concerns over the Aadhaar database, the Government is increasingly making the card a necessity for the daily lives of Indians. There is little choice for citizens who want to avoid giving their biometric data to the Government. Applying for a PAN card, filing income tax returns, getting a drivers license, and using a SIM card will all… Read More »

India – Homemaker Held in Fake Canadian Passport Case

By | April 8, 2017

MUMBAI: A homemaker is in police custody after she was deported from Canada for flying with a forged passport. Though Bindu Patel (34), an Ahmedabad resident, cleared the immigration check at the city’s international airport on December 15, 2016, she failed to convince the authorities in Canada the next day, after landing there. Patel was provided a fake… Read More »

Entrust Datacard Partners With Elite Security Channels in India

By | April 3, 2017

The identity-based digital information security vendor pursues the indirect route of channels globally as an important part of the company’s GTM. It is the GTM strategy for India market. We follow the combined strategy of some direct and indirect strategy in only a handful of countries. However, the vast focus is to ensure the growth of the channel… Read More »