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Discuss Credit Cards...... within the Innovations in banking and insurance. forums, part of the Upload / Download Banking and Insurance Projects and Notes category; hello............. here share your knowledge on Credit cards....... post here any project related to the same.. or post any information ...

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priyanka1987
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Arrow Credit Cards...... - April 28th, 2007

hello............. here share your knowledge on Credit cards....... post here any project related to the same.. or post any information on credit cards....



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Priyanka
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priyanka1987
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Arrow Re: Credit Cards...... - April 28th, 2007

ICICI Bank to add Signature mark on credit card market




n A bid to woo the creme-de-la-creme of the country, ICICI Bank plans to roll out the Signature brand from the VISA stable.

Speaking to ET, ICICI Bank cards product group head Sachin Khandelwal said: ”We are working out the contours of the product and it should hopefully roll out in a couple of weeks. The offering will be unique and special in its class.”

With exclusivity becoming a key factor, Signature cards will be marketed strictly by invitation.
Interestingly, the Indian credit card market is heavily metal dependent with silver and gold now giving way to platinum and titanium credit cards.

ICICI Bank is the top issuer of plastics in the country. It has close to a third of the credit card market in India with nearly 7.5 million cards in circulation. India has a total of 21-22 million credit cards.

In the interim, ICICI Bank is looking at expanding its foot-print in the tier-II and III cities. “We are pushing into these markets and believe that opportunities lie in both card issuance and charge-slip acquisition.

We can structure the credit limits based on an individual’s salary and depending on where he lives. With rising income levels in tier-II and tier-III cities, the credit limits can be tailor-made to serve the needs of the HNIs,” he said.

The bank is also in talks with various retailers, notably in tier-II and III cities, to be enrolled into i-mint — the country-wide rewards programme which operates with agencies like Airtel and HPCL.
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priyanka1987
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Arrow Re: Credit Cards...... - April 28th, 2007

Give YV credit: Borrowing dips



The measures taken by RBI to curtail credit growth seem to have worked. Combined credit growth for January and February — a period during which credit picks up every year — is equivalent to the credit growth for December. However, deposits have almost doubled in the comparable period.

According to data released by RBI, the combined credit for January and February stood at Rs 80,059 crore, against Rs 82,615 crore reported for December 2006 alone.

RBI hiked repo rate by 25 basis points to 7.5% on January 31 and subsequently raised the CRR by 50 bps to 6%.

Although the banking system saw a slowdown in credit in the first fortnight of the fourth quarter beginning January, it picked up subsequently. On a fortnightly basis, credit rose by Rs 33,078 crore to Rs 18,46,403 crore as on March 2. In the same period, deposits rose on a fortnightly basis by Rs 42,716 crore to Rs 24,92,854 crore.

The months of January and February reported a deposit growth of nearly Rs 1,04,462 crore, against a December growth of Rs 57,021 crore. The substantial growth in deposits led to higher investments in government securities by banks. It went up by Rs 30,847 crore on fortnightly basis to Rs 8,01,935 crore.

Meanwhile, foreign exchange reserves fell $224 million to $194.410 billion as on March 9. The fall in forex reserves was solely on account of a fall in foreign currency assets to the equivalent level. The value of gold, SDRs and reserve position in the IMF remained unchanged.

As per the updated money supply figures, the total stock money in the system amounted to Rs 31,87,776 crore, up Rs 45,776 crore over the previous fortnight’s levels. However, the second round of CRR hike by the central bank on February 13 seems to have had a limited impact in curtailing money supply. The annual growth in money supply amounted to 22.1%, much higher than the projected level of 15-15.5% for the year by RBI.

While currency with the public and demand deposits rose Rs 1,766 crore and Rs 3,384 crore respectively, term deposits rose Rs 40,366 crore during the fortnight.

In the other developments reported in the WSS, the Centre has refrained from availing ways and means advances (WMA) — a temporary advance to meet its revenue mismatches.
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priyanka1987
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Arrow Re: Credit Cards...... - April 28th, 2007

Bajaj, Allianz tie up for MFs, credit cards




Bajaj Auto and German financial services provider Allianz on Wednesday announced the setting of a joint venture for distribution of mutual funds, credit cards, personal loans and home loans.

Unlike the other two joint ventures between Bajaj and Allianz for their insurance business, the new joint venture is a 50-50 JV between the two companies.

The company-Bajaj Allianz Financial Distributors, will have a paid up capital of Rs 2.4 crore and will distribute financial products of different asset management companies, banks and non banking financial companies.

The newly formed joint venture is still in negotiations with companies and did not disclose the products it will be distributing.

“We are still in talks with companies. But the idea is to distribute products of top 2-3 asset management companies, 2-3 banks and 2-3 NBFC,” said Sam Ghosh, CEO, Bajaj Allianz Life Insurance.

Mr Ghosh added that the CEO of the new company will be hired over the next two weeks and decision on the products will be made then.

The company will specifically target the non urban areas for distributing the financial products. It aims to create employment for 4-5 lakh people as their agents or sellers over the next 2-3 years.
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Avishkar Agarwal
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Re: Credit Cards...... - April 30th, 2007

could ne1 help me out wid dis.........

which is better........opening a salary a/c in icici or citibank...........justify plkz,,,,


"U GOTTA BE THE CHANGE

TO BRING THE CHANGE"
- I DONT KNOW



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priyanka1987
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Re: Credit Cards...... - April 30th, 2007

open a new thread on this topic ruvi.. so that ppl can see it n will think on it n u can get replies on it.. n end of it we all will get some imp info....

take care
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Re: Credit Cards...... - May 16th, 2007

hi priyanka, i suppose u r looking 4 project in credit cards,
i think i can help u out.
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Re: Credit Cards...... - June 28th, 2007

credit cards fraud....


Credit card fraud is a kind of fraud where a merchant (business, service provider, seller, etc.) is "tricked" into releasing merchandise or rendering services, believing that a credit card account will provide payment for goods/services. The merchant later learns that they will not be paid, or the payment they received will be reclaimed by the card's issuing bank.
Typically, the fraudster causes a credit card of another person to be charged for a purchase. Today, half of all credit card fraud is conducted online, meaning that the fraudsters make online purchases with the credit card details of other people
Types of Fraud

Stolen Card Fraud
When a card holder loses or has their credit card stolen, it is possible for the thief to make unauthorized purchases on that card up until the card is cancelled. A thief can potentially purchase thousands of rupees in merchandise or services before the card holder or the bank realize that the card is in the wrong hands.
[edit] Account Takeover Fraud
Fraud perpetrators call in and impersonate actual cardholders using stolen personal information. They have the address and other information of the cardholder changed to an address they control. Additional cards and possibly PIN mailers are requested and issued to the new address and used by the fraudsters to make purchases and/or obtain cash advances.

Credit Card Mail Order Fraud
Using a stolen credit card number, or computer generated card number, a thief will order stolen goods. This type of fraud is now known as "Card Not Present" (CNP) refering to card transactions that are requested by mail, telephone or over the Internet when the cardholder is not present at the point of sale. Anonymous scam artists bet on the fact that many fraud prevention features do not apply in this environment. 3-D Secure™ is an authentification protocol developed by Visa and MasterCard to protect online card payments, in which the card owner has to register with the issuing bank.
[edit] Skimming
Skimming is the theft of credit card information by a dishonest employee of a legitimate merchant, manually copying down numbers, or using a magnetic stripe reader on a pocket-sized electronic device. The skimmer will typically use a small keypad to unobtrusively transcribe the 3 or 4 digit Card Security Code which is not present on the magnetic strip.
To prevent this type of fraud, cards in countries such as the UK are issued featuring a smart chip with public key encryption. The chip cannot be copied, but the card number, expiry date and security code can be, and this set of data is often sufficient to use the victim's credit card account for fraudulent purposes with so-called "card not present" transactions, e.g., manual input, over the telephone or internet.

Carding
Carding is a term used by fraudsters for a process they use to verify that sets of stolen credit card data are still valid. The fraudster will present each set of credit card details in turn on a website that has real-time transaction processing, making a purchase for a very small monetary amount so as not to use up the card's credit limit, and so as not to attract the attention of a human reviewer to the transaction.
A set of credit card details that has been verified in this way is known in fraud circles as a phish (see Phishing). A carder will typically sell data files of phish to other individuals who will carry out the actual fraud. Market price for a phish ranges from US$1.00 to US$50.00 depending on the type of card, freshness of the data and credit status of the victim.
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Vijith Pujari
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Re: Credit Cards...... - May 6th, 2008

are there any 100 mark project on credit card on MP.com ???



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Ankit Gokani
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Re: Credit Cards...... - August 26th, 2008

Help for Project on Credit cards


check dis also it will help u out


Ankit Gokani

All of u plz read dis first

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