Reserve Bank of India ask banks to give more information on cards to customers
Reserve Bank of India has now asked the banks operating in India to give more information to their customers on usage of debit and credit cards.
They would require to comply by this ruling by August this year.
RBI has taken this [...]
Punjab National Bank launches global credit card
Punjab National Bank has announced the launch of their own global credit card.
They are collaborating with VISA for this new credit card offering.
The card was launched by the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia on Friday.
PNB claims that this card would be acceptable in over [...]
MasterCard to settle lawsuit with American Express
MasterCard has announced that they are now going to settle their lawsuit with American Express.
The world’s second-largest credit-card network would be paying American Express up to $1.8 billion to settle this lawsuit.
The lawsuit claimed that MasterCard and Visa forced banks to not issue credit cards from the rival company.
MasterCard [...]
Deutsche Bank and Landmark launches a co-brand credit card
Deutsche Bank in India has announced that they are now collaborating with Landmark to launch a co-brand credit card.
This credit card would give reward points to customers for the purchases made at the stores of the book retailer.
Bank representative Shameek Bhargava said in a statement that [...]
The first national bank credit card brand returns to usher in a new era of rewards and services for its customers
Bank of America today announced the re-launch of the BankAmericard, which revolutionized consumer credit nearly 50 years ago. The original BankAmericard credit card, the first nationally accepted bank credit card, changed the landscape of financial [...]
