Payment methods articles
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RBI digital payments: Track fishy transactions, RBI tells payment firms
The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
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RBI Extends Payment Aggregator Rules to Include Physical Point of Sale Payment Providers
bank-owned P-PA services do not require any authorization, but will also have to ensure compliance with other requirements for P-PAs.
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What Can I Safely Use for Peer-to-Peer Payments?
Money expert Clark Howard believes in protecting consumers, educating people on practical financial matters and repeating himself to make key points memorable. If you listen to his podcast, you’ve heard him rail against Zelle. You may have heard him discuss why he generally doesn’t like payment apps. Some apps do a better job of protecting […]