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Tag: payment (page 1 of 1)

ICICI Bank introduces cardless cash withdrawal using iMobile App

ICICI Bank introduced a cardless cash withdrawal system using which, customers can withdraw cash from the bank’s ATMs without using their debit cards. ICICI Bank says that customers can now use the iMobile app to withdraw cash in a simple and safe mode. The service is now available across 15K ICICI Bank ATMs across the country. The new withdrawal system is faster and also eliminates the risk of card skimming as it does not require card or ATM pin.

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Email spoofing: Nykaa loses Rs 62L to cybercriminals

Cybercriminals spoofed the email id of Nykaa’s Italian vendor and tricked the company into sending payment to some other bank account. Nykaa was informed that all future transactions will be conducted through the same account. The company lost Rs 62L to the scamsters. However, it reported no breach of consumer data. The fraud was discovered when the original vendor asked for the payment. 

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