Latest news with #MDR
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Business Standard
4 days ago
- Business
- Business Standard
Fintech industry seeks UPI merchant discount rate levy on large sellers
MDR refers to a fee that merchants pay banks or companies processing payments for executing a transaction Ajinkya Kawale Mumbai Listen to This Article A proposed framework to introduce a fee structure for Unified Payments Interface (UPI) transactions that will target large merchants, while ensuring that end users continue to make payments without any merchant discount rate (MDR), is being pursued by the sector, according to sources from the financial technology (fintech) industry. This comes even as the Ministry of Finance, in a social media post on X last week, clarified that it did not plan to introduce an MDR on UPI payments. If the proposal is accepted, customers who use UPI for daily transactions will not have to pay any fee to continue
Yahoo
4 days ago
- Business
- Yahoo
Griffin Technology Group Scales SMB Cybersecurity with SonicWall's Protection Suite
Longtime MSP partner boosts visibility, streamlines operations and delivers enterprise-grade security without the overhead MILPITAS, Calif., June 17, 2025 /PRNewswire/ -- SonicWall and Griffin Technology Group, a U.S.-based IT managed service provider, are celebrating two decades of a successful partnership delivering trusted cybersecurity solutions. Griffin has leveraged SonicWall's security portfolio to the fullest extent to deliver comprehensive, layered protection for its small- and medium-sized business (SMB) clients - including managing hundreds of Cylance endpoints using SonicSentry MDR services - across healthcare, manufacturing, nonprofit and other industries. Griffin relies on a tightly integrated suite of SonicWall solutions, including the TZ and NSa Series firewalls, Capture Advanced Threat Protection (ATP), Capture Client Premier, and 24/7 Managed Detection and Response (MDR), to proactively protect their customers most critical digital assets. With SonicWall's Capture Security Center (CSC) at the core, Griffin is able to monitor and manage dozens of customer environments in real time from a single pane of glass. "SonicWall has proven to be a true partner in helping us deliver proactive, enterprise-grade security solutions with the flexibility we need to better protect our clients," said John Griffin, founder and CEO of Griffin Technology Group. "Our clients trust us to reduce risk, streamline operations, maintain uptime and support their growth - SonicWall gives us the tools to do just that, all while maintaining a low total cost of ownership and minimizing impact on our internal resources. "While we have been a partner for years, the last few years have shown a dramatic change at SonicWall, not only from a technology perspective, but how they've set the standard for both partnering and support. Their customer service is world-class in every aspect, making them not just a vendor, but a trusted extension of our team." Griffin's layered security strategy begins with SonicWall firewalls, deployed via Zero Touch provisioning for fast, consistent setup across distributed environments. Advanced threat protection is delivered through cloud-based sandboxing, while endpoint protection is fully managed via SonicWall's 24/7 MDR service—offering continuous SOC oversight and real-time threat protection from trained analysts. With SonicWall's solutions in place, Griffin has seen a dramatic reduction in malware and phishing-related service calls as well as improved threat detection and response times and faster onboarding of new clients. And SonicWall's centralized management has streamlined Griffin's internal operations, allowing them to support more clients without increasing overhead. Most importantly, Griffin continues to deliver on its total IT philosophy, helping clients maintain continuity and confidence in an increasingly complex threat landscape. "SonicWall is committed to supporting our MSP partners with flexible, scalable solutions that remove complexity and drive results," said SonicWall CRO Jason Carter. "Griffin Technology Group exemplifies how the right tools, paired with the right partner mindset, can empower small teams to deliver big security outcomes." Through its partnership with SonicWall, Griffin continues to strengthen its 'Total IT' approach—delivering reliable, cost-effective cybersecurity that aligns with each client's strategic business goals. See how Griffin Technology Group delivers proactive security and IT management for various industries, visit For more information, visit: About SonicWallSonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as a leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world. For more information, visit or follow us on Twitter, LinkedIn, Facebook and Instagram. View original content to download multimedia: SOURCE SonicWall Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
14-06-2025
- Politics
- Time of India
New road notification to affect 1k livelihoods: Mandrem locals
Mapusa: Mandrem residents want major district roads (MDRs) in the constituency to be registered as other district roads (ODRs). Locals said six 53km-long MDR roads are likely to affect nearly 1,000 structures and over 30% of constituents directly or indirectly. Tired of too many ads? go ad free now The high court has directed village panchayats to act against roadside illegal structures and submit reports. Govt notification states that a setback of 12.5m from the road centerline must be maintained. Locals say the new MDR road notification may severely impact Mandrem residents. MLA Jit Arolkar and villagers met chief minister Pramod Sawant, demanding changes to the TCP Act, cancellation of the MDR notification, and its denotification from the Regional Plan 2021. Arolkar also discussed the impact with the CM and submitted panchayat resolutions. Under the banner of Jagrut villagers, locals said most Mandrem families are joint, and some are nuclear. They often build homes or small shops on ancestral land along the roadside and start small businesses. If the panchayat secretary submits survey reports, nearly 1,000 structures may face legal action, leading to mass unemployment. 'Denotify the clause in the regional plan 2021 notifying 25m width MDR and maintain its width from 8-10m or as the existing roads,' the committee said.
Time of India
13-06-2025
- Business
- Time of India
IPO-bound PhonePe, Google Pay maintain UPI ecosystem dominance in May
Live Events Digital payments majors PhonePe and Google Pay continued to dominate the Unified Payments Interface UPI ) ecosystem in May, holding significant market shares in terms of both volumes and value, according to data from the National Payments Corporation of India (NPCI).On its way to listing on the Indian exchanges, PhonePe cornered half the UPI market last month. The fintech saw Rs 12.56 lakh crore change hands in 8.6 billion transactions, accounting for 50% and 47% of the overall UPI value and volume during the Pay logged over 6.7 billion transactions worth Rs 8.85 lakh crore as the second-largest UPI platform in May. The UPI platform handled 37% of the volume and over 35% of the value of the entire ecosystem last Communications-run Paytm was a distant third with 1.27 billion UPI transactions worth Rs 1.38 lakh crore, accounting for 7% volume and 5.55% Bansal-owned Navi and Flipkart's emerged as the fourth and fifth largest UPI apps after UPI app PhonePe gets 95% of its revenue from digital payments, and UPI payments are a core aspect of that business, ET reported on May 19. Meanwhile, merchant payments company Pine Labs, which is set to file its draft IPO papers this month, gets a significant share of payments via UPI. UPI accounts for a significant chunk of business for Razorpay too, which is also planning to go public by processed 18.68 billion transactions in May, rising 4.4% in a rebound from a decline in April, according to data released by the NPCI. By value, transactions via UPI totalled Rs 25.14 lakh crore last month, up from Rs 23.95 lakh crore in has grown rapidly since its launch in 2016. However, the platform's breakneck growth has started to slow as it approaches saturation, ET reported on April platforms had their hopes dashed after the Ministry of Finance denied reports of reinstating the merchant discount rate (MDR) on transactions through them, hitting shares of listed payment firms. Paytm shares closed 1.46% lower at Rs 882.10 per share, while Mobikwik shares dropped 2.85% to Rs 266.35 per reported on June 13 that payment firms are going to see a disruption in their potential monetisation plans, with the government clarifying that it is not bringing back MDR.
Deccan Herald
13-06-2025
- Politics
- Deccan Herald
No MDR will be charged on UPI transactions: FinMin
Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed…
