Skip to main content

RBI new rules for online Credit & Debit cardholders

 
There is an important milestone for credit and debit card users in India. From next year, the Reserve Bank will be introducing new rules on all debit and credit card transactions. RBI is coming up with new rules aimed at making debit and credit card transactions safer. RBI has issued key directives for online transactions using credit and debit cards. Credit card and debit card details already deposited on the respective websites and payment gateways are no longer deposited. New rules come into effect from January 01st, 2022.



According to RBI's new rules, RBI has said that websites, apps, and other credit card and debit card details should not be stored while shopping or making digital payments online. From next year, when shopping online, be sure to keep track of 16-digit debit and credit card numbers as well as CVV and expiration dates. If this is not possible then the tokenization method should be used. The RBI revealed this in March 2020 itself. According to Data Security regulations, Websites and apps are ordered not to store customer card details. If customers do not remember 16 digit credit and debit card details while making online transactions.


The tokenization method can be used. With this system, the respective credit and debit card users do not have to disclose their card details. Banks provide an alternative encrypted code instead of the original card number. This is called a token. It is sufficient to provide this code at the time of the transaction. In tokenization, the actual card details are replaced with a unique alternate code known as ‘token’. The tokenization process will lead to the customer's card details being kept in a secure manner.
Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Suchi Leaks Next Target - Samantha

Wikileaks created huge political uproar among Indian Politics and Bureaucrats. Suchi leaks causes disturbances both in Tollywood and Kollywood. Female Singer Suchitra discloses personal issues of celebrities in Telugu and Tamil. She leaked few photographs of Heros and Heroines who spend their personal time in private parties. Karthik, husband of Suchitra responded on leaks that she was not mentally firm. Few actors in particular Tamanna, Trisha, Dhanush, Anirudh and Rana were feel uncomfortable on these leaks. Trisha reacted on Photo of Rana who kissed her said that it was just peck between two friends. There was nothing more beyond that. Suchitra said that she was raped by Dhanush and Anirudh after the party in the night. In her another leak, Tamanna was too raped by Dhanush. As per buzz, Suchi's next leak will be related to Heroine Samantha. Earlier, Samantha had love affair with Hero Siddhartha. Both were participated in Rahu-Kethu pooja in Srikalahasti. There were many go...
Post a Comment
Read more

Girl signed on 100/- Stamp Paper for getting 5K!

YSRCP Govt gave notification for more than 2.6 lakh jobs for Village Volunteers and was selected through interview process. All unemployed youth from SSC to Graduate were applied for the posts. 
Post a Comment
Read more