Credit Adviser

Credit Adviser

Is Apple Pay a Threat to VISA ?

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Apple Pay Threat on VISASilicon Valley innovator Apple Inc has unveiled Apple Pay electronic Payment Platforms using SmartPhones and NFC threatening older and established players like VISA and MasterCard. We analyzed on if it will be a threat in disrupting the card payment industry and here is our finding. Unlike PayPal, Apple Pay is not a P2P Payment mechanism.

One must appreciate how critical the payment networks(VISA) are in facilitating Apple Pay and how tokenization furthers the importance of the networks in

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Chinese Weixin “Swiping Card” Mobile Payment Platform

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Swiping Card - QR Code Mobile PaymentChinese Internet Giant Tencent has ventured into the Mobile Payments Platform using “Weixin” also known as WeChat. It is available on both the iOS and Android platforms. Swiping Card has been incorporated into the wallet tab and allows Weixin payment users to make payments at offline retail stores.

How does the System work from the User perspective ?
Users activate the feature by accepting the

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Fraud Advisory – SaporDeals Online – Review and Caution Notice

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SaporDeals Credit Card Fraud AdvisoryWe exposed the SaporDeals Online Fraud and since then we have been getting e-mails requesting to report the matter so that this can save other potential customers from going to this fraud website.

Pradeep Kumar Sharma, a Reader of our Advisory services has shared how he was taken for a Ride by SaporDeals.

I want to alert all readers that some part of my personal information of my SBI Credit Card was leaked and used for mis-selling of items by M/s Sapor Deal Karnal Haryana to me. On 13.01.2014, one phone call came on my mobile phone by a sales girl of above company, she told me

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CIBIL Reaches 300 Million Accounts, Defaulters Beware

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CIBIL 300 Million Accounts CIBIL , India’s premier credit bureau, has become a game changer for retail credit – the backbone of high-quality retail growth. CIBIL is probably one of the less-appreciated success stories of India’s financial sector evolution. It is today, probably the back-bone of the relatively high-quality and disciplined retail credit build out in India.

Satish Pillai, COO of CIBIL has shared some interesting insights, CIBIL has 160m credit accounts (300m product accounts). 90% of new retail credits are backed by

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WalletAssist – Protection against Credit / Debit Card Fraud

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WalletAssist Card Fraud Protection The Indian Regulator(RBI) is doing its best to prevent Plastic Money Fraud. However, over the decades Plastic money fraudsters have existed and come in a whole new way to rip off our hard earned money. Increased online shopping , the growing acceptance of debit cards combined with the increase in types of frauds and the need for something that helped with the new frauds was the trigger.

OneAssist Consumer Solutions Pvt Ltd, funded by Sequoia Capital and Lightspeed Venture Partners has launched an enhanced product for the assistance and protection market. The New WalletAssist covers all kinds of fraud on debit and credit card . It covers card skimming,

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Bank of Baroda Launches Signature VISA Card with Chip

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BOB Credit CardBank of Baroda’s (BOB) subsidiary – BOBCARDS has launched Bobcard Signature Card in affiliation with VISA. The card was launched by the bank to commemorate the 19th Foundation Day of BOBCARDS.

Bobcard Signature Card is designed to suit the lifestyle and status of the super premium segment. As required by the latest RBI Guidelines, the Card is equipped with the security of CHIP so as to prevent

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