Credit Card with unsolicited Insurance under investigation

Most Banks and Financial Institutions in India, especially ICICI and its subsidiaries are involved in this malpractice of forcibly issuing an insurance policy with credit card to a consumer. The card company then debits the insurance premium account to your credit card without your consent. When the consumer disputes, the

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Secure smart-chip credit cards on way ?

We are all aware of the magnetic strip on our credit / debit card. However, with advancement in technology, new smart-chips are embedded into the credit /debit card so that data is stored in an encrypted format and is more secure than your magnetic strip card.

For transitioning all card holders to this new format is a big hassle and also expensive. The transition will involve changing all merchant terminals and

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Credit Card Merchant POS Organized Malpractice

It has come to light that their are several Point of Sale [POS]Terminals in India which are participating in Organized Credit Card malpractices.

For instance, this gentleman in Delhi provides cash when you swipe Credit Card at his POS terminal, but at a massive 4% of the total transaction as his fees in addition to bank charges. Lets assume the customer

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