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Banks offer card protection schemes to attract customers
Mumbai: Faced with increasing credit card losses and a shrinking card base, some banks are offering schemes that provide customers coverage of fraudulent transactions in case of loss or theft of credit and debit cards. Slideshow of the day: Bulls vanish in 2008 In India, two banks currently offer the scheme – Citibank and Kotak Mahindra Bank – jointly with CPP Assistance Services Pvt

It’s rat race for bonus points!

My friend holds a customer card at a bookstore that will entitle him to accumulate 1,000 bonus points for certain value of in-store purchases. He can redeem the bonus points for a free book from a lis

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SBI Card issuances decline

Credit card major SBI Cards & Payments Services Pvt Ltd (SBI Card) on Monday said its card issuance has come down to nearly a third of its peak monthly issuance of one lakh cards, reflecting the gener

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Banks hiking merchants’ fees on card swipes

Faced with shrinking interest incomes, banks are looking at all possible ways to increase their fee income. One way, they have decided, is to increase the merchant fees on their point of sales (POS) m

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State Bank of India launches debit card in Canada

State Bank of India (SBI) has launched its first debit card in Canada to raise its client profile here.

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You can now get cash back on debit cards!

How about getting back a percentage of the money spent on a new LCD television, clothes or the monthly grocery? This may be possible now because banks are offering a cash back facility on debit cards

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