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RBI eases business guidelines for white label ATMs

MUMBAI: RBI has eased business guidelines for white label ATMs allowing companies that manage these machines to source cashdirectly from the central bank, offer non bank services like bill payments and advertise even non financial products in their premises, increasing the revenue earning scope for these companies. White label ATM Operators (WLAO), can now source cash directly from RBI offices and currency chests, and will no longer be dependent on sponsor banks for procurement of cash. The RBI has allowed the operators to source cash from any scheduled bank including rural and cooperative banks, it…

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Google, Oracle Compete for Innovation Label in Android Retrial

Oracle Corp and Google faced off on Tuesday in a $9 billion copyright retrial, with Oracle accusing Google of stealing programming to grow to be the world’s main telephone player and Google announcing it acted legally as a real innovator. Oracle claims Google’s Android cellphone working system violated its copyright on components of the Java programming language, even as Alphabet Inc’s Google says it have to be capable of use Java with out paying a charge below the honest-use provision of copyright law. The dispute previously went to trial in…

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