UwidoNews

Life Insurance Corporation of India (LIC) finally launched its much awaited white-labelled credit card on Monday, March 30th.Launching the card, LIC Managing Director D K Mehrotra said, "We have launched our credit card today. The card would be like other credit cards but we will also offer value-added services like payment of premiums for our policy-holders."

Do you still remember the first credit card you owned was it when you were in college, or was it after you joined your first job? Or was it presented to you by your father as a add-on card. 90s saw the year of the launch credit cards. Simple with yearly charges on them, these were not for everyone. In fact, keeping a credit card was a status symbol.

SBI Cards, the nation’s second largest credit card issuer 60 per cent owned by State Bank of India (SBI), is likely to report a loss for the second consecutive year as defaults mount.

An undercover investigation by the BBC has exposed evidence of the theft of credit card details by workers at an Indian call centre used by security giant Symantec.A BBC reporter posing as a fraudster bought allegedly stolen but valid UK card details from a Delhi-based man, who denies any wrongdoing. Three of the victims of the scam had bought software renewals from a call centre which handles Symantec software licences.

What do we make of Nokia putting up $70 million in a mobile payment company? The world's largest mobile manufacturer, Nokia is backing Obopay that basically turns a mobile phone into an interactive banking card. Nokia did not disclose the price but an SEC filing from Obopay showed the smaller firm made a $70-million equity offering.

Reserve Bank's move to make additional authentication mandatory for credit/debit card online purchases from tomorrow, is expected to effectively check card-related frauds, bankers said on Friday.

You can enjoy several facilities by going for a contract mobile phone deal. For that you would have to be efficient in selecting the appropriate network provider. The benefit of engaging yourself in a single contract with a leading network provider is that you will get a latest mobile phone with a SIM card in an affordable price. Nokia contract mobile phones are one of the best choices among those which you can opt for staying profitable.