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Card data storage: RBI relaxes rules for checkout on guest transactions

Sticks to Oct 1 deadline for card tokenisation; acquiring banks permitted to store card-on-file data until January

Mumbai: A security personal outside Reserve Bank of India (RBI) headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo
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Last month, the RBI extended the deadline for card-on-file tokenisation by another three months to September 30 as transaction processing based on these tokens were yet to gain traction across all categories of merchants.

Subrata Panda Mumbai
The Reserve Bank of India (RBI) has relaxed card-on-file data storage norms pertaining to guest transactions checkout, whereby now, apart from the card issuer and the card network, the merchant or its payment aggregator involved in the settlement of the transactions can save the data for a maximum of T+4 days or till the settlement date, whichever is earlier.

And, acquiring banks have been permitted to store the card-on-file data until January 2023 for handing other post-transactions activities.

The industry reached out to the RBI on the issue and sought a solution. In the e-commerce space, there is something called

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First Published: Jul 28 2022 | 9:16 PM IST

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