India’s Central Bank Fines Visa For Unauthorised Payment Method

The Reserve Bank of India (RBI) imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, Reuters reported the country’s central bank as saying on Friday. “It was observed that the entity (Visa) had implemented a payment authentication solution without regulatory clearance from...The post India’s Central Bank Fines Visa For Unauthorised Payment Method first appeared on New Telegraph.The post India’s Central Bank Fines Visa For Unauthorised Payment Method appeared first on New Telegraph.

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