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Tokenisation: RBI expands the scope to cards issuing banks Details here

The tokenisation services so far were provided through merchants. RBI on Wednesday issued a notification to announce that CoFT will now be enabled directly through card issuing banks & institutions.

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RBI Introduces Card Tokenisation Facility At Bank Level

The cardholder may tokenise the card at any time of his convenience, either at the time of receiving the new card or later.

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Now tokenise debit, credit cards via Internet, mobile banking for online transactions: RBI issues new rules

The Reserve Bank of India has issued new guidelines on how individual having debit and credit cards can generate tokens at the bank level. As per RBI, a tokenised card is considered safer as the actual credit, debit card details are not shared with the merchant when the transaction is being processed.

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RBI directs banks to roll out Card-on-File token facility for customers

The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts .

Card on file tokenisation

RBI asks banks to roll out Card-on-File token facility for customers

RBI asks banks to roll out Card-on-File token facility for customers
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Card on file tokenisation

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