The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23. IMAGE: Higher cash withdrawals......
Interchange fee is the amount charged by ATM operators for every transaction.Nikhat Hetavkar reports. Photograph: Amit Gupta/Reuters The National Payments Corporation of India (NPCI) has......
The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments. Illustration:......
Many PSBs are in the process of rationalisation of ATMs Illustration: Uttam Ghosh/Rediff.com In Kottayam, a housewife received an email communiqué from Corporation Bank, a Karnataka-based......
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling. Illustration: Uttam Ghosh/Rediff.com White label ATMs......