RBI enhances card tokenization scope for CoFT services to improve customer data security

The Reserve Bank of India (RBI) on Tuesday improved guidelines on card tokenization services to improve payment system security. In a statement, RBI said that the recommended device-based tokenization framework see circulars January 2019 and August 2021 has been extended to card-on-file (CoFT) tokenization services as well. In addition, card issuers have been authorized to … Read more