Credit cards
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Tech giant Apple set to break ties with Goldman Sachs for credit card business
29 Nov 2023
Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.
Worldline, Ingenico to combine in $8.7 bn deal
04 Feb 2020
The merger will create the world’s fourth-largest payment service provider with proforma 2019 net revenues of €5.3 billion and combined revenue of €2.5 billion
SBI to switch to EMV chip and PIN-based cards from 1 January; introduce OTP-based withdrawals
27 Dec 2019
RBI introduces prepaid instrument for small-value payments
26 Dec 2019
The new PPI can be used only for the purchase of goods and services up to Rs10,000 per month and Rs1,20,000 during the entire financial year
UPI payment services to expand overseas soon
25 Oct 2019
MasterCard to buy most of payments company Nets for $3.19 billion
07 Aug 2019
The acquisition of majority of Nets’ Corporate Services business will provide more depth and scale to MasterCard’s `Send and Transfast’ technologies that deliver cross-border payments to bank accounts, mobile wallets and cards
Mastercard moved Trump over data localisation woes in India: report
02 Nov 2018
Clearly, the issue is not protectionism, foreign financial service firms so far not accustomed to competition, are frustrated by RuPay’s expansion
Visa, Mastercard, Amex let RBI’s data localisation deadline pass
16 Oct 2018
While 60 of the 75 payment service providers have complied with the RBI directive, companies like Mastercard, Visa and American Express, who still dominate the payment ecosystem, think RBI will adjust to their requirements
Data storage issue may hit services of foreign credit card companies
15 Oct 2018
However, WhatsApp, which is testing its payment service in India, said last week that it has developed a system to store data locally, a move that is likely to put pressure on companies like Google and Amazon
Visa, MasterCard to pay $6 bn to settle US retailer’s price-fixing lawsuit
14 Jul 2012
Visa and MasterCard have also agreed to allow retailers to pass the "swipe" fees to consumers, which would also nearly eliminate discounts given by retailers to cash paying customers
HDFC Bank launches 3 travel credit cards
02 Aug 2011
Featured articles
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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