CORPORATION BANK MULLING LAUNCH OF MULTI-UTILITY CARDS

Corporation Bank is considering launching a multi-utility cash card, which can be used as a debit, credit and pre-paid card in the current year. If the card is launched, Corporation Bank would be the first Indian Bank to come out with a one-stop technical solution through a combo card - a fusion of credit card, debit and pre-paid cards. Though the combo card concept is widely accepted in developed countries, India is yet to witness its benefits by which a person can use a single card as a debit, credit, and pre-paid card.

Source: http://www.business-standard.com/india/news/corp-bank-mulling-launchmulti-utility-cards/84903/on