India

New Debit Card, Credit Card Tokenisation Rules To Change From July 1

By
OB Bureau

New Delhi: From July 1 onwards, online merchants will not be able to store customers’ card data.

The card tokens will be stored as an encrypted “token” to help customers make their transactions secure. These tokens will also allow payment to be made without disclosing any details of the customer. The RBI in its guidelines has made it mandatory to replace the original card data with an encrypted digital token.

Now from July 1, 2022, online merchants will have to delete customers’ debit and credit cards’ data from their records.

Keeping in mind the customers’ safety, the Reserve Bank of India (RBI) had last year issued debit and credit card tokenisation rules. As part of the new rules, the merchants were barred from storing customer card data in their servers.

In the guidelines, the central bank had made the adoption of card-on-file tokens for domestic online purchases mandatory. The deadline for the adoption of card tokens was extended from January 1, 2022, to July 1, 2022.

 

OB Bureau

Recent Posts

OHRC Seeks Report From Odisha Govt On Mango Kernel Deaths In Kandhamal

Bhubaneswar: The Odisha Human Rights Commission (OHRC) has sent notices to Secretaries of Food &…

November 7, 2024

Why Are Kartik Aaryan’s Parents Scared Of Bollywood?

New Delhi: Even as his recently-released horror comedy ‘Bhool Bhulaiyaa 3’ continues to mint money…

November 7, 2024

How Delhi Police Cracked Gangrape Of Odisha Researcher; Cop In Guise Of Social Worker, Footage Of 700 CCTVs

New Delhi/Bhubaneswar: After over 20 days of investigation and analysing more than 700 CCTV cameras,…

November 7, 2024

‘No Notification Exists’: HC Closes Plea Against 1988 Ban On Salman Rushdie’s ‘The Satanic Verses’

New Delhi: The Delhi High Court has closed proceedings on a petition challenging the Rajiv…

November 7, 2024

Criticised For Touching His Wife’s Feet, Vikrant Massey Gives It Back To Trollers

Mumbai: ‘12th Fail’ actor Vikrant Massey recently got trolled after pictures of him touching his…

November 7, 2024

Threat Call: Was Shah Rukh Khan Targeted For His Deer-Hunting Dialogue In ‘Anjaam’?

Mumbai: Mumbai Police swung into action immediately after Bollywood superstar Shah Rukh Khan received a…

November 7, 2024

[Watch] Snowfall In Desert For The First Time!

Dubai: The effects of global climate change are being seen in various manifestations across the globe.…

November 7, 2024

Police Case Against Websites Selling T-Shirts With Photos Of Dawood, Bishnoi

Mumbai: When criminals are idolised and used for commercial purposes, police are bound to take action.…

November 7, 2024