Скачать или смотреть RBI New Card Payment Tokenization System Launch 🔥

Rbi new card payment Tokenization System Launch. RBI on new Tokenization circular .RBI tweaks guidelines on tokenisation of card transactions.

New RBI rules: You don't have to memorize 16-digit debit, credit card numbers

Tags - RBI Tokenisation, RBI Tokenisation circular, RBI token guidelines, rbi allow Tokenisation card payment, RBI new card payment, RBI new updates


✓ RBI Tokenisation FAQ - https://m.rbi.org.in/Scripts/FAQView....)


In This Video -
00:00 RBI Circular Card Tokenisation
01:53 What is Token Number
02:32 Tokenisation System kyu laya ja raha hain
03:59 Token system kaise kaam karega
04:00 How RBI Card Tokenisation work
05:28 Google Pay already follow Token system.



11. Is tokenisation of card mandatory for a customer?

Ans. No, a customer can choose whether or not to let his / her card tokenised.

What is tokenisation

When you use your card, debit or credit, for a transaction, the execution of the transaction is based on information like the 16-digit card number, the card expiry date, the CVV as well as the one-time password or transaction PIN. In fact, a transaction is successful only if all of these variables are entered correctly for a specific transaction. Tokenisation refers to replacement of actual card details with a unique alternate code called the “token". This token is unique for each combination of card, token requestor and device.

The central bank extended the tokenisation guidelines to Card-on-File tokenisation services and said tokenisation of data should be done with explicit customer consent.

The Reserve Bank of India has enhanced the guidelines on tokenisation of card transactions.

The central bank said the device-based tokenisation framework advised vide circulars of January 2019 and August 2021 has been extended to Card-on-File Tokenisation (CoFT) services as well.

There would be no requirement to input card details for every transaction under the tokenisation arrangement. The efforts of Reserve Bank to deepen digital payments in India and make such payments safe and efficient shall continue, the central bank said




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