India penalizes Amex, Diners for flouting data-storage rules

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he Reserve Bank of India restricted American Express Banking Corp. and Diners Club International Ltd. from adding new local customers, citing non-compliance with data-storage rules. The order will take effect May 1 and won’t impact existing customers, the RBI said in a statement Friday. The firms are the first to be penalized under India’s data-storage […]

https://bankautomationnews.com/allposts/comp-reg/india-penalizes-amex-diners-for-flouting-data-storage-rules/