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Friday 27 June 2014

Credit, debit card fraud in the burden of proof on banks


If you have a credit or debit card will be. Now we have news of your work. This news has given a financial newspaper. According to a directive of the Reserve Bank would be responsible only to banks and customers will not have to prove that the card has been misused. Such cases are still wrangling and customers have to eat quite a shock. Many times the customer refuses to pay more bills to come. Then put the bank on those late fees. This new instruction is delivered by Borges to protect the interests of customers. It will be the responsibility of banks to gather the evidence that had allowed the controversial transaction by the customer. The first customer was to get evidence that it is not his fault. Reserve Bank of India as per the bank to get complaints Ombudjman a quarter of them are linked to a debit or credit card. Banks have taken several steps to protect, such transactions are PIN and SMS systems.

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