A service to remember

What is it? A company called CPP is offering a service to store all your credit card details.

Is that safe? The company is offering this service through partner banks who have vetted their security systems.

What do they do with the details? They store the details.

What for? In case you end up losing your wallet and all your credit cards.

And then? You call CPP on a number you can store on your phone or on a key fob and they will call all issuing banks and get your cards cancelled.

All my cards? Yes, credit cards, debit cards, no matter how many.

And my liability? Depending on the plan you take, CPP offers limited liability protection before you report to them and some big protection after you intimate them.

And the cost? There are a couple of plans, but they start at around Rs 1,000 a year.

—Kushan Mitra