<p> The guidelines issued to the lenders by the Reserve Bank is aimed at checking fraudulent transactions and encouraging usage of cards by customers.<br /><br />“It is decided that banks make take steps to put in place a system of online alerts for all types of transactions, irrespective of the amount, involving usage of cards at various channels,” the RBI said.<br /><br />This measure is expected to encourage further usage of cards at various delivery channels. Banks may implement this measure latest by June 30, 2011, the Reserve Bank added.<br /></p>
<p> The guidelines issued to the lenders by the Reserve Bank is aimed at checking fraudulent transactions and encouraging usage of cards by customers.<br /><br />“It is decided that banks make take steps to put in place a system of online alerts for all types of transactions, irrespective of the amount, involving usage of cards at various channels,” the RBI said.<br /><br />This measure is expected to encourage further usage of cards at various delivery channels. Banks may implement this measure latest by June 30, 2011, the Reserve Bank added.<br /></p>