At least 30 lakh bank debit cards may have come under threat after an alleged security breach at Yes Bank's ATM raised fears of a potential fraud. Several banks have said they will either replace or ask customer to change the security codes.
So far, pricing of financial products has been standardised with all customers paying the same price. But all customers are not the same. Better-quality customers make fewer claims from insurance companies.
With the festive season round the corner, mouth-watering discounts will be available on everything, from apparels to electronic gadgets, both online and offline, and you will be sorely tempted to buy the goodies using your credit card.
Kumar Karpe, chief executive officer (CEO), TechProcess Payment Services, an electronic payments services firm, remembers the harrowing experience of a person who used his credit card in the US. Even after he came back to India, his card was used again.