Union Bank’s $171 million Wire Fraud – A Wake Up CallĀ 

The Union Bank of India heist is another wake up call to evaluate technologies that avert and plug loopholes and end what is today a wire transfer monopoly

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RBI says all payment systems to remain closed on 1 April 2017

The Reserve Bank of India (RBI) has said all payment systems will remain closed on 1 April. It is a change from its earlier directive asking banks to remain open on the first day of the next fiscal beginning 1 April. However, there is no change with regard to the payment channels, including RTGS and … Continue reading RBI says all payment systems to remain closed on 1 April 2017