RBI updates credit and debit card rules; here’s what it means for cardholders
Friday, 8 March 2024 The Reserve Bank of India (RBI) has made amendments to credit and debit card regulations to enhance transparency and accountability. The amendments cover various aspects, including business credit cards, penalties for card closure delays, form factors in place of debit cards, co-branded cards, compensation for grievances, and data protection guidelines.
Visa and Mastercard Settle , Antitrust Suit Over Swipe Fees.
The two companies have reached a settlement with American merchants which could "save consumers tens of billions of dollars," NBC News..
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