RBI Stops American Express and Diners Club Stopped from Adding New Customers, Finds Flaws in Storage Data
RBI Stops American Express and Diners Club Stopped from Adding New Customers, Finds Flaws in Storage Data American Express and Diners Club were found not following the RBI's directions on ensuring that data of transactions, payments, instructions, and customer information collected by them is stored in a system within India | 24 April 2021 7:00 AM GMT Mumbai: The Reserve Bank of India (RBI) has restricted American Express (AmEx) and Diners Club International Ltd. from adding new domestic customers from May 1, 2021, for not following the rules on 'Storage of Payment System Data.' The two...