Tag Archives: india

8th Asian Payment Card Forum

By | September 21, 2017

On 21-22 September 2017, APSCA will organise the 8th Asian Payment Card Forum in Mumbai. The forum is Asia’s largest gathering of card issuers and acquirers, domestic bank card networks, international payment systems, mobile payment companies and e-payment services providers that meet to explore best practices for driving the consumer payments landscape towards a digital payments future. The… Read More »

Identiv Strengthens Presence in India With Bureau of Indian Standards Certification of Desktop Smart Card Reader Solutions

By | August 17, 2017

FREMONT, Calif., Aug. 17, 2017 (GLOBE NEWSWIRE) — Identiv, Inc.  (NASDAQ:INVE) today announced Bureau of Indian Standards (BIS) Certification on the most popular collection of the company’s desktop smart card reader solutions. BIS, the National Standards Body of India, was established under the BIS Act of 1986 for the harmonious development of the activities of standardization, marking, and quality certification of… Read More »

India – Just two weeks and you can use your Delhi Metro Smart Card to travel in DTC buses

By | August 16, 2017

In two weeks from now, 500 DTC buses in the capital will have the facility as Common Mobility Cards will be rolled out after years of delay. The Delhi Government has started obtaining chips called the Secure Access Mobile (SAM) from South Korea which provides the facility of cashless transportation in the city in buses. These will be… Read More »

India – Little progress in smart NID card distribution

By | August 13, 2017

Apparently set to miss the existing December-2017 deadline to provide the country’s all voters with smart national identity (NID) cards, the Election Commission (EC) now says it will do it by June 2018, reports UNB. Though the EC started the distribution of machine readable cards to replace the existing laminated ones among 90 million voters in October 1,… Read More »

India – Soon, walk into metro station without taking your card from pocket

By | August 3, 2017

CHENNAI: Commuters could soon walk into a metro station, hands in pockets, take a ride, and walk out without waiting in queues or swiping their smart cards. Chennai Metro RailLimited has invited tenders to introduce contact-less smart cards which can be detected by scanners at stations even if the passenger keeps it in the pocket or a bag. The ticket price… Read More »

India – Chennai Metro Rail to introduce contactless smart cards

By | July 31, 2017

CHENNAI: Metro rail commuters in Chennai could soon walk into any station and take a train without making the effort of swiping their smart cards or waiting in queues at the ticket counters to buy tokens. Chennai Metro Rail is in the process of introducing contactless smart cards, where commuters can simply walk in through scanner gates with a tiny chip or… Read More »

India – ORR toll plazas to turn ‘smart’

By | July 30, 2017

Hyderabad: Taking a cue from the National Highways Authority of India (NHAI), the 30 (RFID) enabled toll collection system on the Outer Ring Road. The idea is to reduce the waiting time for motorists at the toll gates and ensure smooth passage. Under the existing toll collection system, motorists have to tender cash at toll gates and seek clearance… Read More »

India – Between 48k-68k fraud Wallet and PPI card transactions between March and May 2017

By | July 25, 2017

  The Reserve Bank of India has started maintaining provisional data of fraudulent transactions using Mobile Wallets and PPI Cards (together called PPI’s), and last week, Ravi Shankar Prasad, the Minister for IT, disclosed in Parliament that the fraud rate for Mobile Wallets and PPI Cards ranged between 0.005% to 0.007% for the months of March, April and… Read More »

India – Delhi Metro Introduces Smartwatch for Travel

By | July 20, 2017

Delhi’s Metro Railway Corporation (DMRC) has introduced a system of wearable tech payment for travellers on its metro system. As of June 2017, passengers on Delhi’s extensive rail network will be able to use smartwatches as a form of smart card for entering and exiting the system. Working in collaboration with company LAKS GmbH, DMRC launched the innovative… Read More »

Swatch updates mobile-payment watches for China, linking with UnionPay to keep sales ticking

By | July 20, 2017

Swatch Group, which claims to be the world’s largest watch maker, has launched the second generation of its chip-embedded devices that can be used for mobile payments in China, after teaming with UnionPay to offer “Swatch Pay”. The new watches can be linked with credit cards issued by 11 partner banks – including Bank of China, Industrial and… Read More »

CardTek supports Axis Bank roll out of transit and payment cards

By | July 13, 2017

Cardtek, a leading global payment technologies provider, today announced that it has supported Axis Bank to launch a national open-loop payment system for public transportation in India. The new payment solution will fully integrate the banking systems and it is certified by RuPay, the national smart card based payment standard in India, providing a secure payment platform that… Read More »

India – RTO to get portable smart card readers in four months

By | July 11, 2017

Keeping a track of and registering traffic offences will become easier, with the state transport department deciding to procure portable readers that can read and register the data stored in the smart card microchip. The state transport department within four months will start distributing hand-held smart card readers to Regional Transport Offices (RTOs), ten years after it introduced… Read More »

India – Credit card fraud: RBI steps in to protect customers, but here is what you must do to avoid losses

By | July 7, 2017

In a bid to limit customer liability in fraudulent credit card, online transactions, the Reserve Bank of India (RBI) has come out with revised guidelines and has also sought to make rules stricter for banks in cases of frauds. “With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating… Read More »

India – Man’s SIM card swapped to empty bank account of Rs 13 lakh

By | July 7, 2017

MUMBAI: The owner of an Andheri-based hearing aid manufacture lost Rs 13 lakh to a bank fraud recently. Cyber criminals involved in SIM-swap frauds cancelled the victim’s registered mobile number and reactivated it with a new SIM card to hack into his bank account. The fraudsters deactivated Rakesh Ojha’s mobile number, claiming loss of SIM. Within an hour of deactivation, the fraudsters used a… Read More »

India – BMTC Pilots Contactless Cards For Ticket Payments; Full Rollout in Bengaluru Soon

By | July 5, 2017

Contactless is the way to go, and this has been proved by the recent changes by organisations to allow users to pay for their transactions using NFC or similar technology. Recently DMRC allowed the use of a smartwatch to make contactless payments, and now BMTC is piloting a similar mechanism. According to a report by ETtech, Bangalore Metropolitan Transport Corporation is developing a… Read More »

RuPay launches contactless NFC prepaid cards

By | June 26, 2017

The National Payments Corporation of India’s (NPCI) card network RuPay has launched a contactless prepaid NFC card. Recently, it launched a contactless card for the Ahmedabad Smart City project in association with ICICI Bank and Ahmedabad Municipal Corporation. It also launched similar prepaid contactless cards for the Kochi Metro Rail Ltd (KMRL) and Bangalore Metropolitan Transport Corporation (BMTC) in association with… Read More »

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 »