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Credit card signatures are almost a thing of the past

Credit card signatures are almost a thing of the past

Finance
5 stunning stats about credit cardsThe random scribble you hastily scrawl after swiping your credit card is no longer required. Major credit card companies are getting rid of the signature requirement for credit card transactions. American Express, Discover and Mastercard will no longer require merchants to collect a signature on April 13. Visa will do away with the signature requirement starting April 14. "Signatures are no longer considered to be any real deterrent to fraud," explained Matt Schulz, senior industry analyst at CreditCards.com. "Most people don't sign their name in full or take it all that seriously." The signature requirement had already been fading, especially for smaller purchases. For instance, American Express has not required a signature for transactions under $ 50...
Never, ever purchase these things on your credit card

Never, ever purchase these things on your credit card

Finance
As we move farther and farther down the road toward a cashless society, consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn't mean you necessarily should, warns credit reporting agency Experian.Outstanding card debt has now hit its highest point ever, surpassing $ 1 trillion in 2017, according to the Federal Reserve. And 86 percent of Americans who have or had credit card debt said they regret it, according to a recent report by NerdWallet.More from Advisor Insight:The bad things people do with 401(k) plansWhat sort of insurance do you need?Most consumers confused about credit, debtHere are six expenses Experian advises you to not put on plastic.1. Taxes. If you get slammed with an unexpected tax bill this April, it could be te...
RBI gets HC poser on credit card security

RBI gets HC poser on credit card security

Finance
NEW DELHI: At a time when the Centre is encouraging people to adopt digital transactions, some banks are allegedly not enforcing RBI directions to provide an additional authentication system for online transactions and the Delhi high court has decided to examine the issue to protect consumers from rising incidents of credit card fraud. Under additional authentication system, banks are supposed to send one-time password (OTP) to the card-holder which is to be used for the transaction and it is meant to ensure that the card is not misused by another person when it is lost. RBI has been asking banks to adopt second level of authentication and has issued several circulars from 2009 to implement it. Alleging that some banks, including HDFC were not providing additional protection layer ...
Plastic or PVC Aadhaar smart card is not usable: UIDAI

Plastic or PVC Aadhaar smart card is not usable: UIDAI

Finance
NEW DELHI: The Unique Identification Authority of India (UIDAI) said today in a statement that the Plastic or PVC Aadhaar smart cards are often not usable as the QR code commonly becomes dysfunctional during such unauthorised printing at some vendor/shop. Also, there could be a possibility of sharing Aadhaar details (personal sensitive demographic information) without informed consent with some devious elements. UIDAI reiterated that Aadhaar letter or its cutaway portion or downloaded versions of Aadhaar on ordinary paper or mAadhaar are perfectly valid and people should not yearn for the so-called Aadhaar smart card as it may make them fall to the ploys of some unscrupulous elements who are printing Aadhaar on a plastic/PVC sheet and charging anywhere between Rs.50 to Rs.300 or more...
Saracens win at Leicester after May red card

Saracens win at Leicester after May red card

Sports
Aviva PremiershipLeicester: (10) 17Tries: Tait, Penalty Cons: G Ford 2 Pens: G FordSaracens: (17) 29Tries: Penalty, George Cons: Farrell 2 Pens: Farrell 4 Drop: FarrellSaracens stopped a run of seven successive defeats by beating Leicester at Welford Road to climb to second in the Premiership.Jonny May's deliberate knock-on gave Saracens a penalty try and hooker Jamie George rumbled in for a second.Saracens led 17-0 but Tigers hit back when Mathew Tait scored in the corner.Owen Farrell's boot extended Sarries' lead but a penalty try kept Leicester in the hunt before winger May was sent off for a second offence.The visitors also finished the game with 14 men after prop Mako Vunipola was sin-binned after a series of scrum penalties, but held on for their first win since beating London Irish ...