Latest Breaking News On - கட்டணம் அமைப்பு வழங்குநர்கள் - Page 2 : comparemela.com
RBI bars Mastercard from acquiring new customers in India from July 22
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
RBI Bars Mastercard From Adding New Customers In India From July 22
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
RBI Stops American Express and Diners Club Stopped from Adding New Customers, Finds Flaws in Storage Data
American Express and Diners Club were found not following the RBI s directions on ensuring that data of transactions, payments, instructions, and customer information collected by them is stored in a system within India
| 24 April 2021 7:00 AM GMT
Mumbai: The Reserve Bank of India (RBI) has restricted American Express (AmEx) and Diners Club International Ltd. from adding new domestic customers from May 1, 2021, for not following the rules on Storage of Payment System Data.
The two companies were found not following the RBI s directions on ensuring that data of transactions, payments, instructions, and customer information collected by them is stored in a system within India.
RBI imposes restrictions on American Express and Diners Club
April 23, 2021
×
The Reserve Bank of India (RBI) has imposed restrictions on American Express Banking Corp and Diners Club International Ltd from on-boarding new domestic customers onto their card networks from May 1.
In an order issued on Friday, the RBI said the aforementioned entities have been found non-compliant with the directions on Storage of Payment System Data. This order will not impact existing customers, it added.
The RBI’s circular on Storage of Payment System Data (April 6, 2018) had directed all Payment System Providers to ensure that the entire data relating to payment systems operated by them is stored in a system in India within six months.
URL copied Image Source : FILE PHOTO
Reserve Bank of India (RBI) restricts American Express Banking Corp and Diners Club from on-boarding new customers from May 1.
The Reserve Bank of India (RBI) restricted American Express Banking Corp and Diners Club from on-boarding new customers from May 1, PTI reported.
RBI in its order dated April 23, 2021, imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. These entities have been found non-compliant with the directions on Storage of Payment System Data. This order will not impact existing customers.
American Express Banking Corp. and Diners Club International Ltd. are Payment System Operators authorised to operate Card Networks in the country under the Payment and Settlement Systems Act, 2007 (PSS Act).
vimarsana © 2020. All Rights Reserved.