Changes in utility bill payments for YES Bank and IDFC First Bank credit card holders effective from May 1, 2024. Details on increased fees for utility transactions and exemptions for specific credit card types.
Card tokenisation is a major reform to enhance the security of online transactions. As of now, tokens could can only be created at various merchant websites. Now, the Reserve Bank of India (RBI) has proposed to introduce Card-on-File token creation facilities directly at the issuer bank level. A tokenised card transaction is considered safer as the actual card details are not shared or stored with the merchants to perform the transaction. Know how tokenisation works and how it will help you