The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking action against Mastercard, the RBI said, “notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data”.
Related Articles
Sports News
Harnoor stars as India thrash UAE in opener
Harnoor Singh struck a fine hundred before the Indian bowlers ran through the opposition to complete a 154-run rout of the UAE in their opening U-19 Asia Cup match in Dubai on December 23. Put […]
Featured
Do not Lose Hope in Trump, America’s Expectations Can Still Come True
“Since in office, Trump has given a very favorable treatment to many Indian Americans by appointing them in key Federal positions in his administration. He has also given India whatever it asked for. Additionally, Trump […]
United States
Amazon removes Lord Ganesha stockings after Hindu protest
NEVADA (TIP): World’s largest online retailer Amazon.com withdrew stockings carrying image of Hindu deity Lord Ganesha from its website within two days after upset Hindus protested, calling it “highly inappropriate”. Three stockings carrying images of […]

Be the first to comment