https://www.taxtmi.com/news?id=17436 The document sets caps on the Merchant Discount Rate for debit-card acceptance, including temporary lower ceilings for low-value transactions to foster wider card acceptance, and outlines RBI security and risk mitigation measures covering card-present and card-not-present transactions, internet-banking and interbank electronic transfers, and mandatory online transaction alerts; it also notes a policy proposal to establish a Payments Regulatory Board through legislative amendment. en-us Tue, 07 Feb 2017 16:44:32 +0530 Tue, 07 Feb 2017 16:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17436 The document sets caps on the Merchant Discount Rate for debit-card acceptance, including temporary lower ceilings for low-value transactions to foster wider card acceptance, and outlines RBI security and risk mitigation measures covering card-present and card-not-present transactions, internet-banking and interbank electronic transfers, and mandatory online transaction alerts; it also notes a policy proposal to establish a Payments Regulatory Board through legislative amendment. News - Tue, 07 Feb 2017 16:44:32 +0530 https://www.taxtmi.com/news?id=17436