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New rules for debit, credit cards begin with tokenisation today, All you need to know

by AIP Online Bureau | Oct 1, 2022 | Eco/Invest/Demography, Facts, Technology

A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during the processing of the transaction. The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online,...

RBI extends card tokenisation deadline by 6 months till Jun-end

by AIP Online Bureau | Dec 24, 2021 | Eco/Invest/Demography, Indian News, Regulation

Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards The RBI in September prohibited merchants from storing customer card details on their servers with effect from January 1, 2022, and mandated the adoption of CoF...

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