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Travel, Tourism & Hospitality Dubai to showcase diverse tourism proposition at ATM


May 2021
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The 2021 edition of the Arabian Travel Market will see Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) pull out all stops to ensure that the destination remains in the global spotlight with unique events, projects and initiatives designed to further accelerate tourism momentum in this landmark year for Dubai, said a report.
 
Over 70 representatives from government bodies, hotels, destination management companies and tour operators will join Dubai Tourism at the Dubai stands in Hall 3 of the Dubai World Trade Centre to safely welcome stakeholders, partners and visitors to a key industry event within a physical setting, as part of continued efforts to lead the recovery of global tourism, news agency

Travel, Tourism & Hospitality Germany to showcase tourism credentials at ATM


May 2021
152
The German National Tourist Board’s (GNTB) is geared up to further focus on the GCC with its participation at this year’s Arabian Travel Market, taking place May 16-19 at Dubai World Trade Centre, supported by a delegation of six German partners.
 
Germany registered 89.9 million overnight stays by international visitors, pre-pandemic, in 2019, and plans to accelerate this further by outlining plans and targeting GCC travellers across its best performing areas, Bavaria, Baden-Württemberg, and North Rhine-Westphalia with it’s capital Düsseldorf.
 
GNTB’s participation at ATM will look to dually reinforce the country’s recent efforts to provide a safe travel experience and further position Germany as a leading cultural and sustainable destination.

Two Nigerian men nabbed for ATM card fraud in city

Pune cyber-crime police carried out the operation in Rahatani on Friday

Standard Bank apologises to customers for end-of-month glitch

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Customers took to social media to complain when banking services were disrupted on Friday
TimesLIVE"> By TimesLIVE - 01 May 2021 - 09:32
Standard Bank has apologised for a technical glitch that left customers frustrated at month end. Stock photo.
Image: 123RF/Oleksandr Serebriakov
Standard Bank has apologised for a glitch that disrupted services to customers using its mobile banking app, internet banking, ATMs and one-time passwords to process payments and make purchases at month end.
“While our teams worked tirelessly to resolve the service disruptions, this was of little solace to our customers attempting to use these services at month end,” Standard Bank SA CEO Lungisa Fuzile said in a statement on Friday.

New modus operandi by fraudsters to withdraw money from ATMs


Updated Apr 18, 2021 | 16:38 IST
Altogether 1,59,761 cyber security incidents pertaining to digital banking were reported in 2018, a total of 2,46,514 incidents in 2019 and 2,90,445 incidents were reported in 2020.
New modus operandi by fraudsters to withdraw money from ATMs 
New Delhi: In view of increasing incidents of Man in the Middle (MiTM) attacks on ATMs, all banks have been asked to enhance their safety norms for ATMs through end-to-end encryption in the network, officials said. In a recent communication to all banks, the central government has said the MiTM attacks have been increasing under which messages sent by 'ATM Switch' to 'ATM Host' are altered by attackers to withdraw cash fraudulently.

Banks go slow on ATMs as digital transactions gain pace

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Banks go slow on ATMs as digital transactions gain pace
Indian banks operated a little over 200,000 ATMs nationwide at the end of February, a decline of 1,001 ATMs from a year earlier. PSU banks shut 4,633 ATMs and operated over 134,000 such machines at the end of February.
Synopsis
Public sector banks have shuttered nearly 5,000 automated teller machines in one year alone. However, private sector banks, small finance banks, payment banks and white label ATM operators added ATMs.
With the pandemic spurring a surge in digital payments, public sector banks have shuttered more than 4,600 automated teller machines in one year alone and scaled down their deployment of cash deposit machines, Reserve Bank of India data showed.

Two arrested for threatening with Rs 30-lakh ransom calls, kidnapping nursing home staff


Two arrested for threatening with Rs 30-lakh ransom calls, kidnapping nursing home staff
Two arrested for threatening with Rs 30-lakh ransom calls, kidnapping nursing home staff
ByGunwanti ParasteGunwanti Paraste / Updated: Apr 17, 2021, 20:30 IST
crime branch
Five unidentified persons have impersonated as
crime branch policemen to demand ransom of Rs 30 lakh from a person working in a
nursing home on Satara Road. They also forced the man, Mandar Mandke, to hand over cash of Rs 75,500 from his account at an
ATM. A case regarding this has been registered at
Bibwewadi police station.
An officer from Bibwewadi police station said that Mandke (24) had lodged the complaint based on which two accused have been arrested, including a woman. The woman runs a beauty parlour. Both the accused together were threatening the complainant and also demanding money. The case is being investigated by assistant police inspector (API)

Derivatives: How to create a 'fence' set-up - The Hindu BusinessLine

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Derivatives: How to create a ‘fence’ set-up
Protects downside risk on the underlying by going long on put option
Last week, we discussed a strategy called switch trade which involved going long on a futures contract and simultaneously shorting an out-the-money (OTM) call on the same underlying for the same maturity. This week, we discuss ‘fence’, another combination strategy.
Limited downside
A fence, also called collar or cylinder, involves going long on a stock and simultaneously shorting an OTM call and going long on an at-the-money (ATM)/OTM put on the same underlying for same maturity.
The objective is to protect the downside risk on the underlying by going long on a put option. The cost of buying a put option can be subsidised through the premium collected on the short call. Sometimes, the premium collected on the short call will equal the put premium. In such case, the cost of setting up a fence (excluding the cost of the underlying) is zero.

Bangladesh Bank raises limits for cash withdrawal from ATMs in virus lockdown

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Bangladesh Bank raises limits for cash withdrawal from ATMs in virus lockdown

CBI arrests MCD official in bribery case

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CBI arrests MCD official in bribery case
ANI |
Updated: Apr 12, 2021 16:49 IST
New Delhi [India], April 12 (ANI): The Central Bureau of Investigation (CBI) on Monday arrested an Assistant Sanitary Inspector and a temporary staff of Municipal Corporation of Delhi (MCD) in a bribery case.
The inspector was allegedly demanding a bribe of Rs 8,000 for deploying a temporary staff on duty and the first installment of a bribe of Rs 4,000 was also negotiated.
The complainant, who is a temporary staff of the MCD, has alleged that the MCD official was also not paying a complete salary to the temporary staff working at MCD and used to take their ATM cards.

SBI collects Rs 300 cr from zero balance accounts for certain services in 5-yr: Study

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Synopsis
The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as 'reasonable'.
Agencies
Even ATM cash withdrawals come at an exorbitant fee of Rs 40. Needless to mention that the bank also imposes a debit freeze beyond 10 debits a month by IDBI Bank.
Several banks, including
State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed.
The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as "reasonable."

Got a torn or mutilated currency note? You need to do THIS to exchange your note

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How to exchange Torn currency Notes.
New Delhi: Did you try to withdraw ATM cash and one of the notes in the bundle was a torn or tattered note? Or did someone smartly try to pass off a brittle note and you accepted it inadvertently? If that happened, don't spend your time worrying as to how you can trick others into accepting the same from you. Instead, follow these guidelines as issued by the Reserve Bank of India.
As per RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009.

Here's how to withdraw cash from ATM without using debit card | Personal Finance News

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Highlights
From now onwards, anyone can withdraw cash from the ATM without a Debit Card by just scanning the QR Code through the UPI App.
As per a report, the company has partnered with the National Payments Corporation of India (NPCI) and City Union Bank to launch this facility. More than 1,500 ATMs have been upgraded to this service, while they are looking to upgrade more ATMs rapidly.
To describe this process, users will have to first open any UPI app (GPay, BHIM, Paytm, Phonepe, Amazon) on the smartphone and scan the QR code shown on the ATM screen.
This piece of news can be fruitful for people who are looking to withdraw money without using a card. NCR Corporation, a firm that makes ATMs has come up with this unique concept where people can withdraw money with a UPI-enabled interoperable cardless cash withdrawing system in India. 

Privatising public sector banks isn't a good idea - The Hindu BusinessLine

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Privatising public sector banks isn’t a good idea
×
Data show NPAs are not exclusive to PSBs. Also, in terms of rural outreach and farmer support private banks are laggards
Why does the government want to sell the public sector banks? Are they not serving the public purpose anymore? Will their profitability increase under private ownership, and who will apportion that profit? Will depositors’ money be safer under private management?
The government should answer these questions before going ahead with its plan to privatise two PSBs, besides IDBI, this fiscal. Its privatisation obsession should not blind it to private banks’ failures and the PSBs' achievements.

Gamestock stock sale: GameStop to capitalize on 'stonks' rally with $1 bn stock sale plan

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GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.
GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning out over Wall Street hedge funds that had shorted its shares.
GameStop's shares fell as much as 13.9% on Monday. They briefly reversed course to trade up slightly, but were trading lower again at 11:53 a.m. EDT at $188.50.

Jobless man robs friend of Rs 4L, documents

An IT employee has filed a complaint at the Hinjawadi police station against his former roommate for stealing Rs 4 lakh, his original identification documents a

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You can now withdraw cash from ATM without a card; here's how

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(Representational image)
NCR Corporation, a firm that is responsible for making automated teller machines aka ATMs, has launched a UPI-enabled interoperable cardless cash withdrawing system in India. The company in partnership with the National Payments Corporation of India (NPCI) and City Union Bank has launched this facility. Also Read - Top 5 UPI apps you can use to transfer money in India: GPay, Paytm, more
This technology will enable users to withdraw money from an ATM without the need for a physical debit or credit card. The City Union Bank said that around 1,500 of its ATMs across the country already support this technology. Also Read - Google Pay, PhonePe and other third-party UPI apps to face 30 percent caps on all transactions

Chinese man caught stealing cash from ATM in Nepal

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Chinese man caught stealing cash from ATM in Nepal
ANI |
Updated: Apr 01, 2021 13:16 IST
Kathmandu [Nepal], April 1 (ANI): Nepal Police have arrested a Chinese national in the capital city Kathmandu while he was hacking an ATM and was illegally withdrawing cash from the machine.
The Himalayan Times reported that 29-years-old Wang Xiaolon was apprehended from an ATM booth in Thamel, on Tuesday after a team of police in Durbarmarg and in Kathmandu had received an input about possible theft by hacking.
After receiving the input from various source, police reached the site and arrested the man from the ATM booth.
The police informed that the Chinese national had illegally hacked the Keyboard PIN numbers of ATMs of various banks in the city.

SBI YONO App: Important notice issued for bank customers


SBI YONO App: Important notice issued for bank customers
By Sameer|   Published: 1st April 2021 12:36 pm IST
New Delhi: State Bank of India (SBI) issued an important notice to its customers informing the timing of the scheduled maintenance activities. It also informed that during the period, YONO lite, YONO app will not be available.
Apart from YONO app, INB will not be available between 2:10 p.m. and 5:40 p.m. on April 1, 2021.
We request our esteemed customers to bear with us as we upgrade our internet banking platform to provide a better online banking experience.#SBI#StateBankOfIndia#ImportantNotice#InternetBanking#OnlineSBIpic.twitter.com/Ho8wjPIezW— State Bank of India (@TheOfficialSBI) March 31, 2021

Cell Phone Data Shows Chicagoans Are Changing Up Their COVID Social Patterns

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"I think, you know, this just reflects that people are excited for the warm weather, feeling good about vaccine and I think just sort of wishing that COVID was over," Arwady said.
Last year, cell phone data showed that people across the city were at home throughout the day a little more than half of the time. Once social distancing guidelines and the statewide stay-at-home order took effect, that number jumped to nearly 80%.
Arwady said last April that the city was working with health data company BlueDot to use anonymous location data from cell phones across the city to track movements.

KPD Seeks Public Leads for Fraud Reaching Back to February


KPD Seeks Public Leads for Fraud Reaching Back to February
It's a case that reaches back to late February.
On February 27th, Kennewick Police took a call from a victim who reported their vehicle had been subjected to a car prowl. The suspect took a debit card found inside, then used it at several locations in Kennewick.
KPD Detectives used bank footage from an ATM where the card was reported used, and came up with some images showing the suspect using it.
KPD
Despite this information, apparently few leads have materialized. So, KPD has released these images hoping perhaps to get some leads from the community.

Kennewick Police Need your Help to Identify Suspect

The suspect was seen using the stolen card at a local ATM.

Major Japanese banks to cut remittance fees

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Major Japanese banks to cut remittance fees
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Major banks are expected to cut their remittance fees as interbank money transfer fees will be lowered after staying unchanged for over 40 years. | BLOOMBERG
Jiji
Mar 19, 2021
Major Japanese banks are expected to cut their remittance fees following a decision made Thursday by an industry body to lower interbank money transfer fees that have stayed unchanged for over 40 years.
Japanese Banks’ Payment Clearing Network, the operator of the system for money transfers between banks, said it will lower interbank money transfer fees to ¥62 per transaction, effective from Oct. 1.

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