Thursday, August 22, 2013

ATM cards to have more security features


ATM cards issued by the public sector banks are found to be highly susceptible to fraud as they are made of inferior technology, according to the banking ombudsman of Andhra Pradesh. "The cyber crime wing of the police department has been receiving 4-5 complaints every day involving impersonation and most of these cases pertain to the cards issued by the public sector banks," N Krishna Mohan, Banking Ombudsman and Chief General Manager of Reserve Bank of India, said on Wednesday.........


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