Verity Technologies to cut down all credit card or debit card fraud losses in India.
Blue-ID card allows store purchase, online purchases, and mobile Authentication and Identity Management Services purchases and can provide the “instant verification” for consumers.
Its very nice from the customer persprective.But parallelly banks should also take suitable steps to educate customers specially ICICI bank who has max number of credit card across the country.
YES VERY GOOD DECISION BY RBI, AND DON'T HAVE TO COMPARE EVERYTHING TO OTHER COUNTRY, AFTER IF LESS FROUD IN INDIA THAT DOEN'S MEAN WE DONT HAVE TO PREVENT THIS, WE HAVE TO CONOSIDER VALUE OF MONEY , IF SOME SINGLE BODY PHASE PROBLEM BY FROUND THEN WE HAVE TO WORRY FOR THAT ,,, AND SIMLPY C CARD IS VERY IS EASY TO FROUD THAT FOR MOSTLY PEOPLE ARE NOT USING AND IGNORING USE IF CARD ALSO WILL BE PROTECT BY THIRD PASSWORD MORE PEOPLE WILL START TO USE C CARD SURE
This is really a nice initiative taken by RBI to prevent online fraud and now it is very tough for the criminals that they dont only need card number for fraud..