Allahabad High Court: Husband's Liability under the Domestic Violence Act Continues Despite Divorce || Bombay HC: Municipal Council Must Pay for Land Used as DP Road Despite Fund Shortage || Uttarakhand HC: Previous Service Pay Protection Does Not Confer Right to Career Progression Benefits || Supreme Court Revives POCSO Case Against Headmistress, Says Verifying Abuse Claims is No Excuse || SC: Voluminous Documents are No Excuse For Their Delayed Production under Commercial Courts Act || Supreme Court Orders Merged Bank's Eviction For Transferring Tenancy Without Landlord's Consent || SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad || Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision || Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status || Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding

RBI seeks feedback on concept paper on Card Acceptance Infrastructure- (Reserve Bank of India) (08 Mar 2016)

MANU/RPRL/0080/2016

Banking

The Reserve Bank of India is inviting comments on its Concept Paper on Card Acceptance Infrastructure till 15 April 2016. The Paper proposes structured policy intervention to promote electronic payments by individual and institutional users, filling in the gap left by market forces. Accepting the growth of “less-cash” electronic payments over the years, the Bank proffers a multi-pronged strategy to address acceptance of card payments, safety and security and rationalisation of merchant fees for card transactions.

Tags : ELECTRONIC PAYMENTS CARDS CASHLESS INFRASTRUCTURE

Share :