 "Explained: What tokenisation means and how it will affect card users")
The Reserve Bank of India (RBI) on Tuesday said no entity in the card transaction or payment chain, apart from the card issuers and card networks, will be allowed to store sensitive user data from January 1, 2022. Instead, in transactions card data will be converted to tokens.
What is tokenisation?
In the case of digital transactions, “tokenisation refers to replacement of actual card details with an alternative code called the ‘token’, which uniquely combines card, device, token requestor etc,” said Mandar Agashe, founder, vice-chairman, and managing director, Sarvatra Technologies. Credit card tokens are created to protect
What is tokenisation?
In the case of digital transactions, “tokenisation refers to replacement of actual card details with an alternative code called the ‘token’, which uniquely combines card, device, token requestor etc,” said Mandar Agashe, founder, vice-chairman, and managing director, Sarvatra Technologies. Credit card tokens are created to protect
