Demonetisation: Overworked, card-swiping machines fail to work
8 years, 4 months ago

Demonetisation: Overworked, card-swiping machines fail to work

Deccan Chronicle  

KOZHIKODE: The card-swiping machines have also started feeling the heat of demonetisation with many breaking down because of overuse by the customers who avoid cash payments. “We have been getting more applications for the machines from the vendors having account in our bank,” said Mr Sachin Gangadharan, an official of Federal Bank, Kozhikode. We are finding it difficult to take up the applications for EDCs, but are trying to connect the customers with the dealers of the machines directly to do the repairs,” he added. Ms Swarna Unnikrishnan, a city resident, could not pay the bill of Rs 850 using her credit card in a restaurant here after taking food as the system had crashed.

Bank Machines Edc  fail  work  overworked  cardswiping  edcs  pay  repairs  demonetisation  bank  card  machines  customers  banks  shop  system

History of this topic

Kozhikode: Swiping facility is hit with travellers
8 years ago

Kozhikode: Swiping facility is hit with travellers

Deccan Chronicle  

Kozhikode: The swiping machines installed at major ticketing counters under the Palakkad division of Southern Railway are getting good response from the public. The machines have been installed at 18 passenger reservation systems across the Palakkad division and 12 Integrated Unreserved Ticketing System counters, besides seven parcel centres. Southern Railway Palakkad division PRO M.K Gopinath said, “during the initial stage …

What Digital Push? Retailers Suffer As Swipe Card Machines Give Up
8 years, 3 months ago

What Digital Push? Retailers Suffer As Swipe Card Machines Give Up

The Quint  

Matai added that bankers should upgrade their servers and all service providers need to address the issue. These complaints come in the aftermath of a big digital push from the government as customers and merchants are being incentivised to carry out transactions through non-cash mediums amidst the shortage of currency in the economy. While the banks have fast-tracked the process …

Demonetisation: In cashless age, hide vital data
8 years, 3 months ago

Demonetisation: In cashless age, hide vital data

Deccan Chronicle  

Hyderabad: Following the demonetisation drive, the use of m-wallet, m-commerce and credit/debit cards has increased by up to 400 per cent according to reports. Raghuvir said that in most cases registered in the city, the criminals posed as bank employees and obtained personal information from account holders. “Once they get personal details like full name, date of birth, mother’s maiden …

Andhra Pradesh government's call to promote e-Pos machines
8 years, 4 months ago

Andhra Pradesh government's call to promote e-Pos machines

Deccan Chronicle  

Guntur: Availability of only a few e-Point of sale machines is causing inconvenience to the public for daily usage and money transactions in Guntur district. Several banks have started e-PoS machines in the rythu bazaars offering withdrawal of Rs 500 through ATM cards to purchase vegetables. But the absence of the these e-Pos machines in the grocery shops, general merchants, …

Never part with debit/credit card PIN: RBI
10 years, 9 months ago

Never part with debit/credit card PIN: RBI

The Hindu  

A few months ago, the Reserve Bank of India made it mandatory for holders of debit and credit cards to punch in the personal identification number while completing transactions at retail outlets across the country. Now several banks have started to issue cards with embedded chips, and moreover, if a cardholder keys in the wrong PIN three times, the card …

Discover Related