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Tag: Credit Card

Credit card scam at Hotel Le Meridien Pune

The Crime Branch of Pune police have arrested four persons for cheating almost 30 customers of Hotel Le Meridien, Pune. This quartet was creating duplicate credit cards from those belonging to customers and then using them to make purchases.

It seems one of the persons was a cashier at the Chingari Restaurant in Hotel Le Meridien, and he used credit card skimmers and readers which recorded details of the credit card being swiped. These details were then copied on blank cards with magnetic strips. Altogether they used 33 cards of 27 banks among themselves to go on a shopping spree, with the total amount of such purchases being pegged at Rs.1 crore. According to the cops, the type of cards being targeted were the higher end ones, namely, Gold, Titanuim, Platinum and corporate cards, where the credit limit was higher and chances of noticing big ticket purchases and finding anything out of the ordinary were that much lesser.

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Kotak launches India’s first vertical credit card

Kotak Credit CardsCame across a huge advertisement in the TOI today, showcasing Kotak Cards. The difference between this offering and those by other banks is the orientation of the card, or to put it more simply, this is India’s first ever ‘vertical credit card’ !

Kotak is offering a suite of four cards, 2 Gold Cards, a Platinum Card and a Signature Card, all on the Visa platform. Some of the features of these cards are;