Thursday, June 19, 2014

To Cut Fraud Risk, You Can Bank on Virtual, Forex Cards

..........Virtual Cards E-wallets or virtual cards are meant only for online payments. Banks like SBI, Axis Bank, Kotak Mahindra and HDFC Bank offer such facilities free of charge currently . The mechanism allows you to generate a virtual card that functions like a credit or debit card for online payments. To create a virtual card, you need to transfer the required funds from your account into this `card', set a limit, and..........

Read - ET

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