I agree. This is, after all, not about foreign companies, but about hackers exploiting a loophole. If RBI makes OTP mandatory for foreign transactions as well, it is unlikely that overseas companies will not comply.
Geetha -----Original Message----- From: Ai [mailto:ai-boun...@accessindia.inclusivehabitat.in] On Behalf Of Asudani, Rajesh via Ai Sent: 24 October 2017 09:47 To: Share, empower &Enrich Cc: Asudani, Rajesh Subject: Re: [Ai] [DKIM Failure] Re: Fraudulent Transactions on Credit Card RBI also says they are not under our perview. Actually, RBI has mostly mediocre people who decide policy. they, as a rule, don't have on-the-ground understanding of things. If payment systems in India have integrated feature of OTP for CNP transactions, it should be followed whoever the receiver is. When I had proposed a pin for credit cards, which is now there, way back in 2006, I was ridiculed. -----Original Message----- From: Ai [mailto:ai-boun...@accessindia.inclusivehabitat.in] On Behalf Of gajendra vyas via Ai Sent: Tuesday, October 24, 2017 1:08 PM To: Share, empower &Enrich Cc: gajendra vyas Subject: [DKIM Failure] Re: [Ai] Fraudulent Transactions on Credit Card it is done only with foreign companies , because foreign companies are allowed to receive money without o t p onetime password. i don't understand why government and r b i allow them to do so . once i mailed to r b i , i was told that they foreign companies are reliable . only foreign companies can get money without otp . why so? gajendra vyas phone : 079-48000204 mobile : 9427065866 ----- Original Message ----- From: "rajinder Sehgal via Ai" <ai@accessindia.inclusivehabitat.in> To: "Share, empower &Enrich" <ai@accessindia.inclusivehabitat.in> Cc: "rajinder Sehgal" <jirajin...@gmail.com> Sent: Monday, October 23, 2017 4:21 PM Subject: Re: [Ai] Fraudulent Transactions on Credit Card > very sad. i am also using credit card. > sir can you tell that are you transacting with your card with OTP or > 3d sicure pin? > if with OTP then are you using third party OTP reading app? > sorry sir if i asked something wrong, but it it may help full for all > credit card users spessialy v.h. > thanks. > > On 10/23/17, Vikas Kapoor via Ai <ai@accessindia.inclusivehabitat.in> > wrote: >> Folks, yesterday morning, when I got up early in the morning, I was >> jolted to have seen as many as 8 messages in my text message inbox >> regarding multiple transactions having taken place using my credit >> card totaling nearly to Rs.35000 in smaller transactions. Most of >> them appeared to have taken place on netflix.com and on some other >> malls based in the United States. All such transactions happened >> within a span of just 2 minutes. >> Upon >> registering a complaint by sending a detailed mail to the head office >> of Corporation Bank at Mangalore, they replied back that although the >> transactions have taken place, the money under those transactions >> have not yet been claimed by the merchants. If the money is not >> claimed by the merchants in the next 30 days, it would automatically >> be nullified. >> However, >> they said that they cannot raise any claim of chargeback unless the >> money has been claimed. Since there are lots of bankers on this list, >> I just would like to know the implications of those transactions >> that have taken place. My contention is that when I've already >> brought this to their notice, shouldn't it be the duty of the staff >> to initiate the actions on their part? Why are they waiting for the >> merchants first to claim the money and once the merchants claimed, >> what is going to be the end result of this? >> Thanks. >> Vikas Kapoor, >> Mobile: (+91) 9891098137, 9013354994 >> Skype Id: dl_vikas >> -------------- next part -------------- An HTML attachment was >> scrubbed... >> URL: >> <http://accessindia.inclusivehabitat.in/pipermail/ai/attachments/2017 >> 1023/1ff1c416/attachment.html> Celebrating International sight day >> Oct. 12 and World White Cane day Oct >> 15 >> >> Disclaimer: >> 1. Contents of the mails, factual, or otherwise, reflect the thinking >> of the person sending the mail and AI in no way relates itself to its >> veracity; >> >> 2. AI cannot be held liable for any commission/omission based on the >> mails sent through this mailing list.. >> >> >> >> To check if the post reached the list or to search for old posting, >> reach: >> https://www.mail-archive.com/ai@accessindia.inclusivehabitat.in/maill >> ist.html _______________________________________________ >> >> >> Ai mailing list >> Ai@accessindia.inclusivehabitat.in >> http://accessindia.inclusivehabitat.in/mailman/listinfo/ai >> > Celebrating International sight day Oct. 12 and World White Cane day > Oct > 15 > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking > of the person sending the mail and AI in no way relates itself to its > veracity; > > 2. AI cannot be held liable for any commission/omission based on the > mails sent through this mailing list.. > > > > To check if the post reached the list or to search for old posting, reach: > https://www.mail-archive.com/ai@accessindia.inclusivehabitat.in/mailli > st.html _______________________________________________ > > > Ai mailing list > Ai@accessindia.inclusivehabitat.in > http://accessindia.inclusivehabitat.in/mailman/listinfo/ai Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. 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