Onecard paused onboarding new customer??

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bhaveshS

One card stopped onboarding new customer??

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Deal Cadet Deal Cadet
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Seems so because of data misuse issues i think

Benevolent Benevolent
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Yes Both One Card And Scapia Credit Cards Stopped On Boarding Some Days Ago.


Reason :: As Per Rbi Rule Both Front End And Back End Must Be Managed By Issuing Bank ,  Example : Federal Bank.


What Happens At One Card Is :: Back End Is Managed By Federal Bank And Front End Is Managed By Onecard.

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But there are multiple banks involved with One card which offers their card.

So why just Federal Bank will manage worried

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Tech Guru Tech Guru
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https://www.cnbctv18.com/finance/onecards-acces...

most likely temporary and once OneCard starts accessing customer data in encrypted form, the banks would start issuing cobranded cards again, a card network executive said.
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