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Search results for tokenisation

Indian AI startup Sarvam AI open-sources first Hindi AI model
1 year ago

Indian AI startup Sarvam AI open-sources first Hindi AI model

The Hindu  

Indian AI startup Sarvam AI has released the first open-source Hindi language model called OpenHathi-Hi-0.1. The AI model is the first in a series of models which will “make contributions to the ecosystem with open models and datasets to encourage innovation in Indian language AI.” Built on Meta AI’s Llama 2-7B model, a blog posted by the company stated that …

Language Indian Model Hindi Ai Sarvam Ai
RBI unveils new card-on-file tokenisation for debit and credit cards users. Details here
1 year, 2 months ago

RBI unveils new card-on-file tokenisation for debit and credit cards users. Details here

Live Mint  

The RBI governor, Shaktikanta Das, has recently put forward a proposal to implement card-on-file tokenisation functionality at the issuer-bank level in India, reported TOI. While card tokenisation represented a significant reform aimed at bolstering the security of online transactions, the Reserve Bank of India has now introduced an additional layer of protection. As previously mentioned, the RBI has introduced fresh …

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From Transparency To Increased Liquidity: The Game-Changing Impact Of Asset Tokenisation
1 year, 5 months ago

From Transparency To Increased Liquidity: The Game-Changing Impact Of Asset Tokenisation

ABP News  

Larry Fink, the CEO of BlackRock was in the news recently for his statement that Bitcoin is ‘digital gold’. It can increase the liquidity of traditionally illiquid assets, provide greater accessibility to otherwise cloistered investment opportunities, enhance transparency regarding ownership and ownership history, and reduce administrative costs associated with trading these assets. Microsoft and Vanguard have also announced or gone …

Real Estate Market Financial Transparency Investment Crypto Assets
RuPay goes live on CVV-less payments for tokenized cards
1 year, 7 months ago

RuPay goes live on CVV-less payments for tokenized cards

Hindustan Times  

RuPay has now introduced the CVV free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on the merchant application or webpage, National Payments Corporations of India said in a statement on Monday. Tokenization is a simple technology to secure card transactions without sharing clear or real card details with the merchants. On the merchants' …

India Payments Payment Card Rbi Details Transaction
RuPay goes live on CVV-less payments for tokenised cards
1 year, 7 months ago

RuPay goes live on CVV-less payments for tokenised cards

The Hindu  

The National Payments Corporation of India on Monday said RuPay has now introduced the CVV free payment experience for its debit, credit and prepaid cardholders who have tokenised their cards on the merchant application or webpage. This new CVV-less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they …

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National Australia Bank joins stablecoin bandwagon, to launch fiat-backed digital currency by mid-2023
1 year, 11 months ago

National Australia Bank joins stablecoin bandwagon, to launch fiat-backed digital currency by mid-2023

India Today  

The National Australia Bank is all set to join the list of financial institutions to offer stablecoin options for customers. Stating that blockchain technology will play a key role in the future of money, the NAB chief, Howard Sibly, said that the AUDN stablecoin would be minted on the Ethereum blockchain and pegged at 1:1 to the Australian dollar. Howard …

Launch Blockchain Blockchain Technology Bank Digital Currency Fiat Stablecoin
How does tokenisation prevent online card fraud?
2 years, 2 months ago

How does tokenisation prevent online card fraud?

The Hindu  

October 18, 2022 10:30 am | Updated 10:30 am IST The story so far: The Reserve Bank of India has mandated the tokenisation of credit/debit cards for online merchants from October 1. Till then, card details for online purchases were stored on the servers of these merchants in order to help customers avoid keying in their details every time they …

Online App Card Rbi Site Details Your Card
New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS
2 years, 2 months ago

New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS

India TV News  

Highlights RBI made it mandatory for all credit, debit card data to be replaced with unique tokens by Sept 30 Added security layer by way of tokenisation is expected to enhance users' digital payment experience The deadline was extended multiple times over the past two years at the request of stakeholders Debit credit cards tokenisation: The Reserve Bank of India …

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Debit Card, Credit Card Rule Change: How to Tokenise Your Cards? Here's a Step-by-Step Guide
2 years, 3 months ago

Debit Card, Credit Card Rule Change: How to Tokenise Your Cards? Here's a Step-by-Step Guide

News 18  

From October 1, a new set of rule will come into effect for online payments through debit and credit cards. The credit card and debit card rule change, known as tokenisation, has been notified by the Reserve Bank of India. The RBI has notified these tokenisation guidelines to make the online payment system more secured and safe However, one may …

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Credit Card, Debit Card New Rules from Next Month: All You Need to Know About Tokenisation
2 years, 3 months ago

Credit Card, Debit Card New Rules from Next Month: All You Need to Know About Tokenisation

News 18  

The last date to tokenise your credit cards and debit cards is fast approaching, and if you do not follow this new mandate by the Reserve Bank of India, you may have to give more time while making online payments. After a host of delays in implementation, the credit card and debit card tokenisation rules will come into effect from …

Credit Credit Card Online Credit Cards Rbi Debit Cards Token
SBI Cards ready in all networks for card tokenisation ahead of RBI’s deadline
2 years, 3 months ago

SBI Cards ready in all networks for card tokenisation ahead of RBI’s deadline

Live Mint  

Pure play credit card company, SBI Cards & Payment Services is ready in all networks to move towards card tokenisation. To tackle risks involving card storage data, RBI mandated entities other than card networks and card issuers to not store debit or credit card data with them. Mohan Rao Amara, MD & CEO, SBI Cards and Payment Services on Thursday …

Data Credit Card Rbi Networks Sbi Cards Sbi Card Card Data
News18 Evening Digest: BJP Leader Sonali Phogat’s Autopsy Shows ‘Multiple Blunt Injuries and Other Stories
2 years, 3 months ago

News18 Evening Digest: BJP Leader Sonali Phogat’s Autopsy Shows ‘Multiple Blunt Injuries and Other Stories

News 18  

Prophet Remark Row LIVE: Suspended Telangana BJP MLA Raja Singh Arrested Again; Leader Blames KTR, Owaisi for ‘Communal Tension’ Suspended Telangana BJP MLA T Raja Singh was on Thursday arrested again from his Hyderabad residence in connection with alleged derogatory remarks he made against Prophet Mohammed. BJP Leader Sonali Phogat’s Autopsy Shows ‘Multiple Blunt Injuries’; Ex-Haryana Minister Gopal Kanda Under …

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Debit Card, Credit Card Rules: Card No., CVV Must for Each Payment if This is Not Done by Sept 30
2 years, 3 months ago

Debit Card, Credit Card Rules: Card No., CVV Must for Each Payment if This is Not Done by Sept 30

News 18  

Debit Card, Credit Card Tokenisation Rules: The last date for credit card and debit card tokenisation is approaching soon, and the Reserve Bank of India has been notifying users to complete the process before the deadline. The new date for debit card and credit card tokenisation is September 30. Once credit card and debit card tokenisation is done, payment aggregators, …

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Debit Card, Credit Card Tokenisation: RBI Lists Steps to Tokenise Your Card; Check Here
2 years, 4 months ago

Debit Card, Credit Card Tokenisation: RBI Lists Steps to Tokenise Your Card; Check Here

News 18  

Debit Card, Credit Card Tokenisation Rules: Over a month after extending the deadline to tokenise debit cards and credit cards, the Reserve Bank of India has been notifying users about completing the process as soon as possible. The new date for debit card and credit card tokenisation is September 30. In a recent tweet, the RBI also explained in six …

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Central African Republic President: Crypto is key to financial inclusion
2 years, 5 months ago

Central African Republic President: Crypto is key to financial inclusion

The Hindu  

Cryptocurrencies are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said on Sunday, citing the cost of opening bank accounts. The Sango project, including a "Sango Coin", was backed by the Central African Republic's National Assembly and spearheaded by Touadera, who said the token would provide access to the country's "mountain" of natural …

Crypto Central African Republic Central African Republic Touadera Sango
RBI Extends Deadline for Complying with Card Tokenisation Norms by 3 Months: What It Means
2 years, 5 months ago

RBI Extends Deadline for Complying with Card Tokenisation Norms by 3 Months: What It Means

News 18  

Mumbai, Jun 24: The Reserve Bank of India on Friday extended the card-on-file tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Tokenisation is the process of replacing actual card details with a unique alternate code called 'Token' – thereby enabling more secure transactions. As per the RBI mandate to enhance …

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RBI extends deadline for card tokenisation till 30 Sept
2 years, 5 months ago

RBI extends deadline for card tokenisation till 30 Sept

Live Mint  

The Reserve Bank of India on Friday extended the timeline for tokenisation of debit and credit cards by another three months till September 30, 2022. In a statement, RBI said this extended time period may be utilised by the industry for, facilitating all stakeholders to be ready for handling tokenised transactions; processing transactions based on tokens; implementing an alternate mechanism …

Data Card Card Details Transactions Tokens Token Card Data
Credit, Debit Card New Rule: Enter Card No., CVV Every Time You Pay Online From July or Follow This
2 years, 6 months ago

Credit, Debit Card New Rule: Enter Card No., CVV Every Time You Pay Online From July or Follow This

News 18  

The Reserve Bank of India has said that the payment ecosystem in India is ‘by and large’ prepared to adopt the tokenisation rule from July 1. After the credit card and debit card tokenisation rule gets implemented across the country, domestic online merchants will not be allowed to store customer data on their servers. Once credit card and debit card …

India Credit Credit Card Online Card Rbi Customer
Credit Card, Debit Card Tokenisation From July 1: How to Tokenise Cards, Key Details
2 years, 6 months ago

Credit Card, Debit Card Tokenisation From July 1: How to Tokenise Cards, Key Details

News 18  

Come July 1, debit card and credit card rules with regard to online payments will change for customers across India. This is because the Reserve Bank of India is set to implement the credit card and debit card tokenisation rule whereby online merchants will not be allowed to store customer data on their servers so as to protect their privacy. …

Credit Credit Card Online Card Rbi Customer Debit Card
Debit Card, Credit Card Online Payment Rule Changes from Next Month: Know Details
2 years, 6 months ago

Debit Card, Credit Card Online Payment Rule Changes from Next Month: Know Details

News 18  

Debit, Credit Card Tokenisation: From next month, every Indian who does online transactions using a debit or credit card will have to remember their card details every time they make a payment as these rules are going to change from July 1. From this date, the Reserve Bank of India, or RBI, which is in charge of setting banking rules …

Credit Rbi Rule Debit Card Card Details Debit Merchant
What is credit, debit card tokenisation?
2 years, 6 months ago

What is credit, debit card tokenisation?

India Today  

Usually, the card details of a customer making any online transactions are saved from the merchant’s side to the payment aggregators and gateways of acquiring banks. The current card details are replaced by an alternate code known as a token. The token requestor is an entity that accepts requests from the customer for card tokenization and sends them to the …

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Debit, Credit Card Rule Changes Next Month: Enter Card Number for Every Online Payment or Do This
2 years, 6 months ago

Debit, Credit Card Rule Changes Next Month: Enter Card Number for Every Online Payment or Do This

News 18  

Debit, Credit Card Tokenisation: The Reserve Bank of India or the RBI, being thhe central bank of the country, is in charge of protecting the security of all citizens in India who carry out bank transactions. With an aim to protect the security of customers, the RBI last year issued debit card and credit card tokenisation guidelines whereby merchants were …

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Debit Card, Credit Card Online Payment Tokenisation Rule Ready to be Implemented, Says RBI
2 years, 6 months ago

Debit Card, Credit Card Online Payment Tokenisation Rule Ready to be Implemented, Says RBI

News 18  

RBI MPC Meet: Reserve Bank of India deputy governor T Rabi Sankar on Wednesday, June 8, said that the payments ecosystem in India is ‘by and large prepared’ for implementation of the tokenisation system for card-based transactions, including online transactions. The RBI deputy governor’s comments came weeks ahead of the June 30 deadline after which the new tokenisation norms will …

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Explained | What is tokenisation of debit and credit cards?
2 years, 11 months ago

Explained | What is tokenisation of debit and credit cards?

The Hindu  

The story so far: The Reserve Bank of India on December 23 extended the deadline given to online merchants and financial payments companies for the tokenisation of card data used for online transactions. It wanted to put an end to the practice of online merchants storing the card details of customers, which the Central bank believed could lead to misuse …

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