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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. ....
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. ....
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 . ....
RBI asks banks to roll out Card-on-File token facility for customers orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.