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In 2009, the central bank started requiring two-factor authentication to protect the main electronic transactions in India, debit cards and net banking.
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Page A15 Business MASTERCARD AND VISA INVESTIGATE DATA BREACH Visa and MasterCard are investigating whether a data security breach at one of the main companies that process electronic transactions improperly exposed private customer information, bank officials said Friday, highlighting a key vulnerability that could affect millions of credit card holders.
Clearly electronic transactions are more efficient than cash, but electronic transactions cost more than they should.
Instead, they have turned to electronic transactions.
No power meant no electronic transactions.
Until then, the euro will exist only in electronic transactions.
The central bank massively reduced the cost of electronic transactions.
Another new idea is to impose a tax on electronic transactions.
Electronic transactions will continue to include cents, while retail sales will be rounded up or down.
Electronic transactions have varying regulatory requirements for reporting and banks may have their own rules.
Visa and MasterCard reply that the retailers are attacking a fundamental cost of accepting electronic transactions.
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