Business Standard
What is Tokenisation?

Tokenisation

About Tokenisation

What is Tokenisation?

Tokenisation refers to the process of replacement of actual card details with a unique alternate code known as the 'token', which shall be unique for a combination of card, token requestor and identified device.
 
The Reserve Bank of India (RBI) has permitted authorised card payment networks to offer card tokenisation services to consumers requesting it, in an effort to improve the safety and security of card transactions.
 
According to RBI, no entity in the card transaction or the payment chain, other than the card issuers and/or card networks, are allowed to store the actual card data. Any such data stored previously
...
Read More

Latest Updates on Tokenisation

Best of BS Opinion: Reducing the legal burden, an insecure partner & more

Here is the best of Business Standard's opinion pieces for today

Image
Updated On : 17 Oct 2022 | 6:30 AM IST

Everything you want to know about tokenisation

For consumers, nothing has changed as token is just replacing the card details. Merchants do not have card details anymore and hence, if their sites are hacked, at best the hacker gets only the token

Image
Updated On : 17 Oct 2022 | 12:19 AM IST

Cost of spending on digital transformations plateauing: HDFC Bk's Parag Rao

On Thursday, the bank launched a new one-stop solution application for merchants called the 'SmartHub Vyapar Merchant app'

Image
Updated On : 06 Oct 2022 | 8:29 PM IST

System ready for tokenisation, says RBI deputy governor T Rabi Sankar

Roughly 350 million tokens have been created so far, Rabi Sankar said in the post-monetary policy press conference.

Image
Updated On : 30 Sep 2022 | 6:32 PM IST

Industry prepared for potential disruptions as tokenisation nears

industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through

Image
Updated On : 29 Sep 2022 | 10:47 PM IST

Paytm tokenises over 52 mn cards, says on track to meet RBI's deadline

The company has tokenized 52.3 million cards across VISA, Mastercard and RuPay in its effort to make card transactions safer and drive convenience for consumers.

Image
Updated On : 19 Sep 2022 | 4:00 PM IST

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

Image
Updated On : 29 Jul 2022 | 1:12 AM IST

Large merchants comply with card tokenisation as deadline nears: Report

The RBI had directed the merchants to implement its tokenisation norms by June 30, 2022. The central bank has twice extended the deadline of its implementation in the past.

Image
Updated On : 24 Jun 2022 | 4:21 PM IST

With month to go for card-on-file tokenisation, firms set up solutions

Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation

Image
Updated On : 09 Jun 2022 | 12:50 PM IST

There is ambiguity over what is called BNPL: Juspay Technologies CEO

'The impact of tokenisation extends to the entire payment ecosystem', said Vimal Kumar

Image
Updated On : 31 Jan 2022 | 6:02 AM IST