India's central bank instructed the country's lenders to stop processing current-account transactionswith Iran using the Asian Clearing Union, and told Indian firms they couldn't use the mechanism to pay for oil or gas imports.
The credit card company's Passbook functionality will include notifications for new accounttransactions, along with the ability to view your current balance and redeem membership rewards points.
Its giant banks cannot electronically process online transactions, because their account-management computers are incompatible with Internet communications protocol.