title: Credit card interest
Credit card fraud
Postal address verification
District Cooperative Central Bank
Raigad District Central Co-operative Bank
Credit card
Credit card hijacking
Kisan Credit Card
Karur Vysya Bank
Interchange Plus
sentences: Credit card interest is the principal way in which credit card issuers generate revenue.
 A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow money from the bank simultaneously.
 The bank pays the payee and then charges the cardholder interest over the time the money remains borrowed.
 Banks suffer losses when cardholders do not pay back the borrowed money as agreed.
 As a result, optimal calculation of interest based on any information they have about the cardholder's credit risk is key to a card issuer's profitability.
 Before determining what interest rate to offer, banks typically check national, and international (if applicable), credit bureau reports to identify the borrowing history of the card holder applicant with other banks and conduct detailed interviews and documentation of the applicant's finances.
Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction.
 The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account.
 Credit card fraud is also an adjunct to identity theft.
 According to the United States Federal Trade Commission, while the rate of identity theft had been holding steady during the mid 2000s, it increased by 21 percent in 2008.
 However, credit card fraud, that crime which most people associate with ID theft, decreased as a percentage of all ID theft complaints for the sixth year in a row.
Postal address verification (also known as address standardization, address validation, address verification and CASS certification) is the process used to check the validity and deliverability of a physical mailing address.
 According to the United States Postal Service, an address is valid (or mailable) if it is CASS-certified, meaning that it exists within the comprehensive list of mailable addresses in their Address Management System.
 This is different from the credit card Address Verification System (AVS), which is the method used by credit card processors to authenticate ownership of a credit card by verifying that the account on the credit card matches the billing address on file.
 Credit card AVS does not determine deliverability of an address.
District Cooperative Central Bank, popularly known as DCC Bank is a cooperative banking network established in India to serve cooperatives and rural areas.
 It was established to provide banking to rural hinterland for agriculture sector with the branches primarily established at rural and semi-urban areas.
The Raigad District Central Co-operative Bank was established on 30 September 1960.
 The Reserve Bank of India granted a banking license to the bank on 11 November 1995.
 Jayant Prabhakar Patil (MLC) took charge of the bank as chairman in 1997.
 It is the first District Cooperative Central Bank to issue Kisan Credit Card in India which was launched on 18 May 2013.
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus other agreed charges.
 The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
 In other words, credit cards combine payment services with extensions of credit.
 Complex fee structures in the credit card industry may limit customers' ability to comparison shop, help ensure that the industry is not price-competitive and help maximize industry profits.
 Because of this, legislatures have regulated credit card fees.
Credit card hijacking is a form of credit card fraud and the term is used when a person’s credit card is used by some unauthorized person (e.g. a thief or overaggressive vendor) to buy goods or services.
 The credit card owner usually has trouble reasserting control over the card, because usually they don't find out immediately, and the owner must distinguish legitimate purchases from illegitimate in a credible manner.
The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks.
 This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of R.V.GUPTA to provide term loans and agricultural needs.
Karur Vysya Bank (Tamil) கருர் வைஸ்யா வங்கி is an Indian private-sector bank, headquartered in Karur in Tamil Nadu.
 It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.
 The bank primarily operates in treasury, corporate/wholesale banking and retail banking segments.
 KVB provides services such as personal, corporate, agricultural banking and services to NRIs and MSME.
 Under personal banking, the bank provides housing loan, personal loan; insurance; and fixed deposits among others.
 Under corporate banking, KVB provides services like corporate loans; demat account, multicity current account and general insurance among others.
 Schemes provided by KVB under agricultural banking include Green Harvester, Green Trac and KVB Happy Kisan among others.
 Under MSME, the bank provides products such as KVB MSME Cash, KVB MSME Term Loan, KVB MSME Vendor Bill Discounting and KVB MSME Standby Term Loan among others.
 The bank had added more branches and 10 ATMs during the year thus bringing the total to 735 branches and 1,748 ATMs as on Mar 31, 2017.
 It introduced a number of initiatives in FY16 like reloadable cards, kisan credit cards, automatic passbook kiosk, e-book, etc.
 The latest being introduction of fast tag and UPI based payment system.
 Total business volume is 95,000 crore as on Mar 31, 2017.
Interchange Plus is the common name for a pricing structure for accepting credit card transactions by merchants.
 The Interchange fee is an important factor in determining the actual cost of accepting credit cards.
 Interchange pricing is what the Visa and MasterCard associations along with credit card issuing banks charge merchant account providers to process credit and debit card transactions.
 Merchant Account providers then charge a markup on interchange known as interchange plus pricing to process the transaction and provide customer service to the merchant accepting the credit or debit card payment.
 Interchange Plus pricing is known as the most honest and transparent form of pricing for merchants looking to accept credit cards.
 There are a lot of credit card processing companies that only offer interchange plus pricing.

Question: Question: When did a DCC Bank first issue a Kisan Credit Card? 

 Your answer will be verified with exact match score. To ensure correct verification, only provide the answer within the <answer> </answer> tags. Do not put any sentences or reasoning process within the <answer> </answer> tags. 

Supporting Information: Paragraph 0 

 Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction.
 The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account.
 Credit card fraud is also an adjunct to identity theft.
 According to the United States Federal Trade Commission, while the rate of identity theft had been holding steady during the mid 2000s, it increased by 21 percent in 2008.
 However, credit card fraud, that crime which most people associate with ID theft, decreased as a percentage of all ID theft complaints for the sixth year in a row. 

--------------------------------

Paragraph 1 

 Postal address verification (also known as address standardization, address validation, address verification and CASS certification) is the process used to check the validity and deliverability of a physical mailing address.
 According to the United States Postal Service, an address is valid (or mailable) if it is CASS-certified, meaning that it exists within the comprehensive list of mailable addresses in their Address Management System.
 This is different from the credit card Address Verification System (AVS), which is the method used by credit card processors to authenticate ownership of a credit card by verifying that the account on the credit card matches the billing address on file.
 Credit card AVS does not determine deliverability of an address. 

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Paragraph 2 

 District Cooperative Central Bank, popularly known as DCC Bank is a cooperative banking network established in India to serve cooperatives and rural areas.
 It was established to provide banking to rural hinterland for agriculture sector with the branches primarily established at rural and semi-urban areas. 

--------------------------------

Paragraph 3 

 The Raigad District Central Co-operative Bank was established on 30 September 1960.
 The Reserve Bank of India granted a banking license to the bank on 11 November 1995.
 Jayant Prabhakar Patil (MLC) took charge of the bank as chairman in 1997.
 It is the first District Cooperative Central Bank to issue Kisan Credit Card in India which was launched on 18 May 2013. 

--------------------------------

Paragraph 4 

 Credit card hijacking is a form of credit card fraud and the term is used when a person’s credit card is used by some unauthorized person (e.g. a thief or overaggressive vendor) to buy goods or services.
 The credit card owner usually has trouble reasserting control over the card, because usually they don't find out immediately, and the owner must distinguish legitimate purchases from illegitimate in a credible manner. 

--------------------------------

Paragraph 5 

 The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks.
 This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of R.V.GUPTA to provide term loans and agricultural needs. 

--------------------------------

Paragraph 6 

 Karur Vysya Bank (Tamil) கருர் வைஸ்யா வங்கி is an Indian private-sector bank, headquartered in Karur in Tamil Nadu.
 It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.
 The bank primarily operates in treasury, corporate/wholesale banking and retail banking segments.
 KVB provides services such as personal, corporate, agricultural banking and services to NRIs and MSME.
 Under personal banking, the bank provides housing loan, personal loan; insurance; and fixed deposits among others.
 Under corporate banking, KVB provides services like corporate loans; demat account, multicity current account and general insurance among others.
 Schemes provided by KVB under agricultural banking include Green Harvester, Green Trac and KVB Happy Kisan among others.
 Under MSME, the bank provides products such as KVB MSME Cash, KVB MSME Term Loan, KVB MSME Vendor Bill Discounting and KVB MSME Standby Term Loan among others.
 The bank had added more branches and 10 ATMs during the year thus bringing the total to 735 branches and 1,748 ATMs as on Mar 31, 2017.
 It introduced a number of initiatives in FY16 like reloadable cards, kisan credit cards, automatic passbook kiosk, e-book, etc.
 The latest being introduction of fast tag and UPI based payment system.
 Total business volume is 95,000 crore as on Mar 31, 2017. 

--------------------------------

Paragraph 7 

 Interchange Plus is the common name for a pricing structure for accepting credit card transactions by merchants.
 The Interchange fee is an important factor in determining the actual cost of accepting credit cards.
 Interchange pricing is what the Visa and MasterCard associations along with credit card issuing banks charge merchant account providers to process credit and debit card transactions.
 Merchant Account providers then charge a markup on interchange known as interchange plus pricing to process the transaction and provide customer service to the merchant accepting the credit or debit card payment.
 Interchange Plus pricing is known as the most honest and transparent form of pricing for merchants looking to accept credit cards.
 There are a lot of credit card processing companies that only offer interchange plus pricing. 

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Answer: 18 May 2013