https://www.taxtmi.com/news?id=15280 Consolidated instructions require cardholders to keep cards and access means such as PINs secure and prohibit recording PINs in any intelligible or accessible form. Banks are responsible for direct losses from system malfunctions within their control but are not liable for losses from technical breakdowns apparent to the cardholder. Bank liability for defective or non execution of transactions is limited to the principal and loss of interest, and banks may consider photo identification or other advanced methods to reduce misuse. en-us Sat, 05 Dec 2015 16:06:26 +0530 Sat, 05 Dec 2015 16:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15280 Consolidated instructions require cardholders to keep cards and access means such as PINs secure and prohibit recording PINs in any intelligible or accessible form. Banks are responsible for direct losses from system malfunctions within their control but are not liable for losses from technical breakdowns apparent to the cardholder. Bank liability for defective or non execution of transactions is limited to the principal and loss of interest, and banks may consider photo identification or other advanced methods to reduce misuse. News - Sat, 05 Dec 2015 16:06:26 +0530 https://www.taxtmi.com/news?id=15280