Onecard paused onboarding new customer??
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https://www.desidime.com/discussions/onecard-paused-onboarding-new-customer?page=1#post_10046020
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.
https://www.desidime.com/discussions/onecard-paused-onboarding-new-customer?page=1#post_10046024
But there are multiple banks involved with One card which offers their card.
So why just Federal Bank will manage
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https://www.desidime.com/discussions/onecard-paused-onboarding-new-customer?page=1#post_10046690
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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Seems so because of data misuse issues i think