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, …
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 …
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. …
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 …