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There was a possible compromise of one of the payment switch provider’s systems, NPCI Chief Executive A.P. Hota said in a statement. A switch is part of the back-end network aiding ATM operations. Hota said the card. ICICI Bank,

The recall of RuPay, Visa and MasterCard debit cards has hit a slew of banks: State Bank of India, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank. Early reports suggested the problem had been at the backend systems of Hitachi.

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Aimed at checking fraudulent transactions and encouraging usage of cards by customers, the Reserve Bank of India has issued guidelines to all lenders for providing SMS alerts for all card (credit as well as debit card. ICICI, HDFC, Axis,

The goal was initially to create clearing systems for payments in India, and in particular to get digital transactions moving, though over subsequent years it has.

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HDFC claims that its watch banking feature is as. technology in its devices that allow customers to make offline payment without physically using the.

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Concerned over the biggest-ever breach of debit card data. Representatives of State Bank of India, HDFC Bank, ICICI Bank and Yes Bank have been asked to brief the panel on ‘security-related issues concerning payments in the.

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HDFC Bank. not activating a debit card of a couple “trapped in a foreign country”, the apex consumer court has said. The National Consumer Disputes Redressal Commission (NCDRC) made the observations while asking the bank to.

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“All affected banks have been alerted by card. their ATM PINs. HDFC Bank also advised its customers to use its own ATMs for carrying out any transaction. The suspected security breach happened through a malware in the systems of.

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While the potential breach impacts a large number of debit card holders, the number of cards affected accounts for just 0.5 percent of the nearly 700 million debit cards issued by banks in India. While the NPCI did not name the payment.

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Detailed insights into payment instruments including credit transfers, direct debit, cheques. Supporting banks and card issuers include Axis Bank, Citibank, HDFC Bank, ICICI Bank, State Bank of India (SBI), Standard Chartered.

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Initially, SBI blamed YES Bank, and more precisely one of its partners, Hitachi Payments, a company that handles the bank’s ATM and PoS financial. the largest number of affected cards are the State Bank of India, HDFC Bank, ICICI.

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The case is being investigated by Bangalore, India-based payment security specialist SISA. Hopefully, it’ll be able to get to the bottom of this and help local banks avoid such attacks in the future. 3.2 million debit cards compromised; SBI,

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HDFC Bank has increased service charges by 43%-50% on select products like debit cards and immediate payment service (IMPS), according. The current annual fee on HDFC Bank platinum debit card is Rs. 500, which is expected.

The breach is thought to have been caused by malware on an ATM network. Some customers are complaining that large sums of money have been taken from their accounts. Indian banks have issued nearly 700 million debit cards. The.

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