ENHANCED SECURITY OF DEBIT CARDS IN INDIA: MYTH AND REALITY
Journal: IMPACT : International Journal of Research in Humanities, Arts and Literature (IMPACT : IJRHAL) (Vol.7, No. 1)Publication Date: 2019-01-31
Authors : Jubair . T;
Page : 77-84
Keywords : Magnetic Strip Cards; EMV Chip Cards; Security Measures;
Abstract
As per the revised deadline of the directive issued by the Reserve Bank of India, magnetic stripe bank cards are to be replaced by EMV chip cards with effect from 1st January 2019 onwards. Even though it is a bold step to enhance the safety and security of debit cards and credit cards, the ultimate security of bank cards depends on the adoption of proper security measures from the part of the users. The present study is an attempt to analyse the extent to which the security measures suggested by the banks were followed by the customers while using debit cards. The study established that some of the security measures were followed by the majority of the customers while some security practices such as frequent change of PIN number is not properly done by the customers.
Other Latest Articles
- WASTE MANAGEMENT IN INDIA - A CASE STUDY OF DUROGREEN, AHMEDABAD
- AN ACCOUNT OF ECONOMIC LIFE OF GANJHUS OF JHARKHAND: AN IGNOMINY FOR THE RICH JHARKHAND AND THE GREAT INDIA
- A STUDY ON CUSTOMER PREFERENCE TOWARDS HEAVY COMMERCIAL VEHICLE WITH REFERENCE TO ASHOK LEYLAND
- FINANCIAL BOOTSTRAPPING: FOSTERING ENTREPRENEURIAL REVOLUTION
- FACTORS STRENGTHENING MARRIAGE: A REVIEW ON WHAT BINDS COUPLES TOGETHER
Last modified: 2019-01-30 15:49:59