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US airports to use facial recognition to scan 97% passengers in next four years
Fri, Apr 19, 2019
The US Department of Homeland Security expects to use facial recognition technology to scan 97% of passengers at airports in the next four years. The method involves photographing of passengers before they board the flight and cross-referencing it against a library of images from visa and passport applications, and those taken by border agents, reported The Verge. The technology is used to keep track of those who have overstayed their visas. However, it is being criticised for hampering citizens’ privacy. The system was already operational at 15 US airports by the end of 2018.
PayMate gets Visa to expand regional B2B payments solution platform in 92 countries
Tue, Mar 05, 2019
The collaboration will help Visa’s commercial financial institution clients extend PayMate’s proprietary platform to their Enterprise & SMB customers to help make faster payments.
Visa, Mastercard mull increasing fees for processing transactions: WSJ
Sat, Feb 16, 2019
Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday
Credit card alert! Do you have these cards? RBI may continue crackdown
Sun, Oct 14, 2018
The RBI will not relax the October 15 deadline for global financial technology ( fintech ) companies to comply with its data localisation norms in the public interest, according to sources.
UK launches review of monthly visa cap to ease entry for professionals
Sat, Jun 16, 2018
As part of the immigration changes, the government said it would ask the independent Migration Advisory Committee to review the composition of the Shortage Occupation List.
Australia announces online visa applications for Indians from July
Mon, Jun 19, 2017
The Australian government today announced that Indian nationals can apply for a visitor visa online starting July 1.
Ample opportunities in India; no need to worry about tightening visa regime: Cabinet Secretary
Sat, Apr 29, 2017
However, he observed that "we need not worry too much about the visa restrictions as we will have ample opportunities here itself".
Trump to seek changes in visa programme to encourage hiring Americans
Tue, Apr 18, 2017
U.S. President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa programme used to bring foreign workers to the United States to fill high-skilled jobs.
UK consumer spending grows at slowest rate in three years
Mon, Apr 10, 2017
British consumer spending increased at the slowest annual pace in more than three years in the first three months of 2017, in a further sign that one of the economy`s main engines is losing steam as Brexit preparations begin, a survey showed on Monday.
Samsung officially launches Samsung Pay in India
Wed, Mar 22, 2017
Samsung Electronics on Wednesday officially announced the launch of Samsung Pay in India. The company had earlier during the month unveiled the mobile payment platform and had already opened for registrations in India on its official website.
Tougher US regulations make Infosys not to apply for H-1B visas for junior-level employees; stock down nearly 2% in early trade
Mon, Mar 20, 2017
Infosys is not applying for visas for employees with under four years of experience on account of tougher US work visa rules, the report said quoting Infosys executive as saying.
State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up
Fri, Mar 10, 2017
India's state sponsored e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.
BharatQR launched; here’s what it is all about
Mon, Feb 20, 2017
The government of India on Monday approved the functioning of an independent Payment Regulatory Board at the launch of BharatQR code held today.
Here's why Mukesh Ambani thinks Donald Trump is a blessing in disguise for India
Wed, Feb 15, 2017
Reliance Industries chairman and managing director Mukesh Ambani at Nasscom India Leadership Forum press conference in Mumbai on Wednesday said he thinks US president Donald Trump is a blessing in disguise for India.
Know everything about how to use Aadhar app to make payments
Sun, Dec 25, 2016
With its vision to make India's cashless economy, the government is set to launch 'Aadhaar Payment App' on Sunday.
Uber's CEO Travis Kalanick landed in India without a visa
Sun, Dec 18, 2016
Uber co-founder and chief executive Travis Kalanick had to encounter a "scary situation" on his arrival in India as he found himself "without a visa" and it was only a high-level intervention that saved him from being deported.
RuPay card usage jumps nearly 119% in first week of demonetisation
Sat, Dec 03, 2016
RuPay card usage jumped by over 118.6% in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5%.
Govt approves new liberalised visa policy to attract foreigners, boost trade
Wed, Nov 30, 2016
The Union Cabinet, chaired by Prime Minister Narendra Modi, also decided to extend the e-Tourists Visa to eight more countries, taking the total number of countries which are under cover the scheme to 158.
Banks take measures to curb potential data security breach
Thu, Oct 20, 2016
A suspected breach of data security of a city-based private sector lender a few months back has led to pre-emptive steps being taken by other banks to thwart any potential troubles, bankers said on Wednesday.
Visa CEO Charles Scharf to resign, ex-AmEx president to take over
Tue, Oct 18, 2016
Visa Inc said Chief Executive Charles Scharf, who orchestrated the company`s reunion with its European affiliate, is stepping down and will be succeeded by former American Express Co President Alfred Kelly.