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DeepNewz, mobile.
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Published this week. While Axis Bank claims that its systems have not witnessed any “breach”, it has chosen not to explain how certain “merchants” gained access to their customers’ cards. Read more at: https://t.co/OxbgOELqJI By @AshwinM_
#AxisBank credit card users impacted by fraudulent transactions: How did it happen? How many are impacted? https://t.co/3RhzmWVFYJ https://t.co/f1ndCmanBF
Axis Bank Credit Card FRAUD! Several IMPACTED; Bank issues statement https://t.co/UPGSc9XHy0
Axis Bank faces a crisis as numerous credit card users report unauthorized international transactions, aggravating customer dissatisfaction due to the withdrawal of promised benefits. Despite denying a data breach, Axis Bank has not clarified how merchants accessed customer cards. The Reserve Bank of India is expected to launch an independent investigation into the issue amid increasing scrutiny on the credit card industry.
