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RBI rejects demand of online merchants to store customers' credit card data

RBI rejects demand of online merchants to store customers credit card data
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The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do not have any locus standi as these norms pertain to payment aggregators and gateways, said an official in the know.
Agencies
The new RBI guidelines bar merchants from storing “customer card and related data on their servers.
The Reserve Bank of India has rejected demands of top merchants like Amazon, Microsoft, Netflix, Flipkart and Zomato to store customers credit card data under the new payment aggregators and payment gateway (PA/PG) norms enforceable from July 2021, three people aware of the development said. Merchants had sought a meeting with the regulator claiming that they haven’t been adequately represented, which was also shot down by the regulator. ....

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Rail link resumes at Joypurhat after 7 hrs | Bangladesh Sangbad Sangstha (BSS)

Rail link resumes at Joypurhat after 7 hrs
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JOYPURHAT, Dec 19, 2020 (BSS) – Rail communications between Joypurhat and rest of the country resumed seven hours after a passenger train rammed into a bus at Puranapoil rail level crossing here this morning.
Two probe committees have been formed to investigate the accident that killed at least 12 people and injured eight others.
Mihir Kanti Guha, General Manager of the Railway West told BSS that two rescue trains from Parbatipur and Pakshi removed the passenger train from the track at around 2.00.
Rail communications resumed at around 2:40 pm, he added.
A-four member probe committee of the Railway West zone was formed as Divisional Transportation Officer Nasir Uddin its convener to investigate the accident. ....

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