McDonalds’ India – Accept Credit/Debit Cards

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McDonalds

 

 

 McDonalds’ India – Accept Credit/Debit Cards

 

As per Wikipedia, McDonalds’ is currently present in 122 countries.

 

@ http://goo.gl/hEP61

 

 United States,  Canada,  Puerto Rico, U.S. Virgin Islands, Costa Rica, Guam, Japan, Netherlands, Panama, Germany, Australia, France, 

 

El Salvador, Sweden, Guatemala, Curaçao, United Kingdom, Hong Kong/ Hong Kong, Bahamas, New Zealand, Switzerland, Ireland, Austria, Belgium, Brazil, Singapore, Spain, Denmark, Philippines, Malaysia, Norway, Taiwan, Andorra, Wales, Finland, Thailand, Aruba, Luxembourg, Venezuela, Italy, Mexico, Cuba, Turkey, Argentina, Macau/ Macau, Scotland, Yugoslavia/ Serbia, South Korea, Hungary, Soviet Union/ Russia, China, Chile, Indonesia, Portugal, 

 

Northern Ireland, Greece, Uruguay, Martinique, Czechoslovakia, Guadeloupe, Poland, Monaco, Brunei, Morocco, Northern Marianas, Israel, Slovenia, Saudi Arabia, Kuwait, New Caledonia, Oman, Egypt, Bulgaria, Bahrain, Latvia, 

 

United Arab Emirates, Estonia, Romania, Malta, Colombia, Slovakia, South Africa, Qatar, Honduras, Saint Martin, Croatia, Western Samoa, Fiji Islands, Liechtenstein, Lithuania, Cyprus, India, Peru, Jordan, Paraguay, Dominican Republic, French Polynesia, Belarus, Ukraine, Yemen, Republic of Macedonia, Ecuador, Réunion  Isle of Man, Suriname, Moldova, Nicaragua, Lebanon, Pakistan, Sri Lanka, Georgia, San Marino, Gibraltar, Azerbaijan, French Guiana, American Samoa, Mauritius, Mayotte, Montenegro, Iraq

 

 Bosnia and Herzegovina

 

In major countries across the world, Credit/Debit Cards are accepted at McDonalds’ stores. But, not in India!!!!

 

In early 2011, 3 new items were added to India’s McDonalds’ Menu range.

 

With the introduction of the new items the average bill at a Indian McDonald store has gone up from Rs200/- to Rs500/-

 

Still, McDonalds’ Indian stores are not accepting Credit/Debit Cards to settle the bills.

 

Why are McDonalds’ Indian stores not accepting Credit/Debit Cards?

 

By now, all the regulars at the stores might have tasted the new items, and also observed that their average bill has gone up. 95% of McDonalds India customers have Credit/Debit Cards and their majority should be glad to settle their bill via Credit/Debit Cards. 

Register Insurance Complaints Online now !!

Tags

Insurance, Life insurance

Register Insurance Complaints Online now !!

The insurance company customers can now look for quick resolution of their complaints/grievances, as the same can now be lodged online @

http://www.igms.irda.gov.in/

IGMS will provide a standard platform to all insurers to resolve policyholder grievances and also enables the stakeholders to analyze data on complaints and make systemic changes wherever required.
In case, insurance consumers are not computer literate, they can also call @ 15525, and the complaint will be updated in IGMS.

The whole process i.e from conceptualization to going live took 15 months. It was in April 2010, that IRDA floated tenders for Requests For Proposal(RFP),  from reputed IT firms / Organizations for the development and implementation of Integrated Grievances Management System (IGMS), maintenance and hosting the same.

Five firms i.e TCS , CMC , Wipro , NSE IT , Deloitte were short-listed for the final round.

Wipro made the cut and in June 2010, it was awarded the contract to bring alive the IGMS for IRDA.

And on 04/06/2011, IGMS went live.

As per the initial tender document, the IGMS was to go live in 3 months, after the issuance of the Work Order by IRDA to the IT Company.

Still it is a commendable effort that IGMS could live within 12 months of the issuance of the Work Order.

Now, IRDA is popularizing IGMS via TV/Print campaigns. This should enhance the visibility of IGMS, and encourage Insurance Companies to log in valid complaints.

There are 23 Life Insurance companies and 24 Non-Life Insurance Companies in India. Compared to the number of Banks in India, the number of insurance companies in India is less and hence IGMS has a chance to succeed.

Waiting for the day, when a similar portal for Banking Consumers too would go live.

Saraswat Bank, ADAG in tie-up to sell core banking solution

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Saraswat Bank

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>Syndicate Bank joins IMPS with soft launch

>

Syndicate Bank joins IMPS with soft launch

One more south Indian based bank, Syndicate Bank, has joined the IMPS club.

Syndicate Bank via a soft launch on March24, 2011, entered into IMPS.

A soft launch is necessary to ensure that all the players in the spoke are in sync with each other, and the customers do not face any glitches in the real launch.

Though the present Headoffice is located in Manipal, Karnataka, it’s roots can be traced to the temple town of Udipi.

Syndicate Bank was founded in 1925, as Canara Industrial and Banking Syndicate Ltd.

 The primary objective of the business was to extend the financial assistance to local weavers

As time progressed, Syndicate Bank, started taking other banks(around 20) into its fold including the Maharastra Apex Bank Limited and Southern India Apex Bank Limited.

Syndicate Bank in it’s 85+years old history, has many a first’s to its credit

1.    1.  Introduction of daily Deposit Scheme called PIGMY SCHEME as early as 1928.  This enabled the bank not only to shore up it’s CASA base but also aided in Brand Recall.

2. First Bank to open All Womens’ Branch at Bangalore in 1962 which created a sensation in financial world, and proved to be a great success. This was a daring step, much ahead of its time.

3. Started Social Banking and Priority Sector Lending much before it became a Government of India Policy.

4. Sponsored the First Regional Rural Bank appropriately called “Prathama Bank” in 1975. Over the years, Syndicate Bank sponsored 10 RRB’s and all are profit making.

5. First Bank from South India to open a Branch in London (1976). This was just before the 1977 emergency.

6. Took up management of Al Shaibei Exchange Co. WLL in Doha and Musandam Exchange in Oman in 1983 and 1984 respectively.

With IMPS in its kitty, Syndicate Bank’s customers can look forward to another technical marvel.

>Fed-e-Gate

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Fed-e-Gate

Federal Bank has quietly entered the world of ecommerce by launching a Payment Gateway i.e Fed-e-Gate.

More details can be obtained @ http://www.federalbank.co.in/SME-Business_ProductandServices_PaymentGateway.aspx

Quote

Fed-e-Gate is a one-stop solution that enables you to accept Credit and Debit Card Payments from your e-Commerce Web site securely.

Unquote

In simple terms, Payment Gateway is an ecommerce application which aids the ecommerce merchant to receive funds from its customers. The payments can be received from Credit Cards, Debit Cards or Netbanking.

Payment gateways provide the tools to process payments between customers, businesses, and banks. 

Payment Gateways can be set up by Banks or third-party players. One of the most famous Payment Gateway is CC Avenue. Other Payment Gateways players in India are

§  EBS

§  DirecPay

§  HDFC

§  ICICI Payseal

As can be seen from the above list, the Payment Gateway community is an exclusive one, with few players. However the scope is vast. 

The differentiator amongst Payment Gateway players apart from the pricing is the initial hand holding stage. In this aspect, Federal Bank has an edge, as being a new division, it will interested to build this as a profit-centre.

Another advantage I foresee is that the Bank is focusing Fed-e-Gate as an SME Product offering, which will appeal to its customers.

As Federal Bank is also a sponsor of Kochi Tuskers, Kochi Tuskers can be its first customer. This will be a win-win situation for both.

>Axis Bank – India Travel Card

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Axis Bank – India Travel Card

It was such a simple idea, staring at all Banking professionals, but no one thought off. Kudos to Axis Bank, for coming up with this thoughtful product for visitors from abroad.

Well, I am referring to the Axis Bank – India Travel Card

India Travel Card is India’s first and only Indian Currency prepaid travel card for 

foreign nationals and non-resident Indians travelling to India.

 The brief overview can be viewed @

http://www.axisbank.com/personal/forex/indiatravelcard/india-travel-card.asp

Well, in majority of the newspapers whether print or online, the contents are the same. So as a sample, only a single link is provided here @ http://www.thehindubusinessline.com/companies/article1149381.ece

The card is available at a large network of Licensed Money Changers and 192 designated branches of Axis Bank.

Initially the Product will be available at designated Axis Bank Branches and later at licensed money changers too.

One unique safe mechanism of the India Travel Card is that the Card Holder can set up daily withdrawal limits at POS terminals via Axis Bank Internet Banking site. This thoughtful feature will minimize impulsive purchases.

It is two months since the launch of India Travel Card, and the sales must be Zooming up.

Related articles

• Instant Credit Cards from ICICI & AXIS Banks – For Online Shoppers (vedamsgyan.wordpress.com)

>SCB – World Debit Card

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SCB (Standard Chartered Bank) – World Debit Card

As the financial year 2010-2011, was coming to a close, SCB (Standard Chartered Bank), unveiled the World Debit Card for Small and Medium Enterprise (SME) customers.

SME Banking World Debit Card is a first-of-its-kind cash management tool that provides convenience, savings and relationship rewards for small-and- medium-enterprise (SME) customers.

It is an ideal tool to separate business and personal expenses.

The present practice is to spend money from one’s pocket, and claim the reimbursement later, from the firm. 

This can now be minimized.

The highlights are @ http://www.standardchartered.co.in/sme/debit-card/en/debit-landing.html

A newspaper article on the new product is @ http://www.rupeetalk.com/news/general/standard-chartered-unveils-sme-banking-world-debit-card.php

Top three features, which I like about this card, are

01)  All the key personnel can be of the SME transactional account can avail individual cards, with individual spend limits.

02)  The cards can be issued to individuals, who need not be authorized signatories of the firm’s bank’s accounts.

03)  The reward points are converted to rupees as cash credit to the firm’s account.  

This card will be available to all those SME customers, who have their transactional account with the bank.

I am sure; SCB has taken the necessary steps for appropriate transaction alerts, usage tracking by the SME’s finance department, and to eliminate fraudulent transactions.

Was thinking as to how the SMS alerts, emails alerts will be handled in this multiple cards linked to one account?

Trust SCB, in the near future, will introduce many more new Products from it’s Global platform in India, viz: Express Trade, SCB SME Venture, SCB SME Business Expansion etc

>IMPS working on 01/04/2011

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Cheers, IMPS will be working on 01/04/2011. Now, Indians will truly now the value of 24*7, 365 days electronic mobile payment channel.

>

Indian Bank  – ATM Withdrawal Failure Complaints

Indian Bank has launched an exclusive channel for its ATM Card Holders to lodge complaints regarding ATM Withdrawal Failures.

Indian Bank customers and now lodge ATM withdrawal complaints online.

The link is @

http://210.212.240.180:5501/atm_wf/atmwf.aspx

Well, folks might wonder what is so innovative about this.

The following are the distinct features about Indian Bank’s channel.

01)                      In majority of the Banks, the customers have to contact their Base Branch to lodge the complaints.

02)                      In few Banks complaint can be lodged via the Tele Helpline or logging a complaint on the Bank’s website. There was no dedicated channel.

03)                      Another distinctive feature of Indian Bank is the Unique Serial Number for each complaint. And later the complaint status can be verified online, instead of contacting the Base Branch.

The Online feature will : –

a)    

Motivate employees to adhere to the deadlines, as the status is transparent

b)   

Spur more and more Indian Bank customers to opt for ATM withdrawals, as complaint lodgment is easy