How 3.2 million debit cards were compromised

Report holds Hitachi responsible for debit card data theft.When the data theft came to light, Hitachi had denied that its systems were compromised.Nupur Anand reports from Mumbai. An interim......

DeMo aftermath: Cash crunch hobbles White Label ATMs

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......

Industry awaits clarity on white-label ATMs

There are about 87,000 ATMs in the country, all owned by banks. According to market players, 10,000-15,000 of these are outsourced to companies for maintenance. This model is known as the......

Credit, debit cards are futile in floods

The flood after record rainfall deprived Mumbaites from the comforts of their credit and debit cards.Many had to go without fuel for their cars as their credit and debit cards were not accepted at......