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COFT
RBI takes another step to make your debit, credit card safe; to introduce card-on-file for tokenisation at issuer bank levelRBI introduced Card-on-File Tokenisation (CoFT) in September 2021 and began implementation from October 1, 2022.06 Oct, 2023, 04.38 PM IST- RBI MPC meet key takeaways: Das & Co suggest there's more than the status quoThe Reserve Bank of India's Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. ...06 Oct, 2023, 03.09 PM IST
- Big Time Rush treats fans with doughnuts to celebrate their new album ‘Another Life’Big Time Rush, which had formed in 2009 following the end of their well-liked Nickelodeon sitcom "Big Time Rush," had a seven-year break be...03 Jun, 2023, 01.16 AM IST
- New credit card, demat, NPS, APY rules: 5 money changes that will come into effect from OctoberMany new rules will take effect in October 2022. These include the RBI's new credit card restrictions, who can no longer invest in the Atal...07 Oct, 2022, 11.47 AM IST
- Merchants seek wider testing of recurring paymentsWithout directly seeking an extension, the Merchant Payments' Alliance of India (MPAI) requested the RBI to mandate system participants to ...28 Sep, 2022, 12.03 AM IST
- Will debit, credit card e-mandates get affected after tokenisation?The RBI mandates that starting on October 1, 2022, retailers cannot keep full card numbers, CVVs, expiration dates, or any other sensitive ...20 Sep, 2022, 01.01 PM IST
- Why RBI should not enforce card tokenisation mandateFor tokenisation to work, entities in the payments value chain - issuer banks, card networks, payment gateways (PGs), payment aggregators (...23 Jun, 2022, 11.29 PM IST
- UPI to stay on top; BNPL, digi currency to drive digital payments growth in next 5 years: ReportRetail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods suc...17 Apr, 2022, 12.18 PM IST
- View: Dear RBI, don’t penalise consumers and merchants for non-compliance by other stakeholdersWhile the RBI must be lauded for its visionary stance of mandating CoFT in the interest of promoting safe and secure digital payments for c...29 Nov, 2021, 12.06 PM IST
- Visa launches Card-on-File tokenisation service for Grofers, bigbasket, MakeMyTrip: What it means for youThe RBI's CoF tokenization guidelines, issued in August, mandate replacing the actual card data with encrypted digital tokens, which are th...06 Oct, 2021, 04.13 PM IST
- RBI enhances scope of tokenisation to ensure security of card data“Citing the convenience and comfort factor for users while undertaking card transactions online, many entities involved in the card payment...08 Sep, 2021, 06.36 AM IST
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