Hyderabad: Debit and credit cardholders beware! Come July 1, your card details will get erased from e-commerce sites, apps and OTT platforms. One will have to restore their card number and generate a unique token from July onwards in order to make online payments. This is part of the new rules set by the Reserve […]
Hyderabad: With card tokenisation set to come into place from July 1, there are many questions being raised about the system and why is it important. Tokenisation is a process by which card details are replaced by a unique code thus making online payments safer and secure without the need to share full card details. […]
Bengaluru: Accelerating its journey in creating a one-stop payment platform, fintech company Slice on Thursday launched the integration of unified payments interface (UPI) into its app for all its existing and waitlisted users. Following its trial in 2021, the company said it is now rolling out the integration in a phased manner for its users. […]
New Delhi: The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday. “We would like to inform one and all that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank’s Digital 2.0 […]
Hyderabad: A businessman from Sultan Bazaar was duped of Rs 14,310 by cyber fraudsters on Sunday. According to the police, Niranjan Sahoo (39), a resident of Esamia Bazaar under Sultan Bazaar police station limits checked Google for the customer care number of a financial institution to close his credit card. He found a toll free […]
The new tokenisation rule, which comes into force from January 1, prohibits all online shopping portals from saving your card numbers, CVV and expiry date in their servers.
In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services.
"We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times and expand merchant transactions both online and offline," said Sajith Sivanandan
