RBI includes card-on-file data under tokenisation

“Citing the convenience and comfort factor for users while undertaking card transactions online, many entities involved in the card payment transaction chain store actual card details, known as Card-on-File (CoF),” RBI said in a statement Tuesday. “It may be noted that introduction of CoF tokenisation (COFT) while improving customer data security, will offer customers the same degree of convenience as now.”

via Economictimes

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