NPCI launches platform for Card tokenization
Adhering to RBI’s guidelines of securing sensitive data and also to provide effortless transactions, National Payments Corporation of India
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Hyderabad: Adhering to RBI's guidelines of securing sensitive data and also to provide effortless transactions, National Payments Corporation of India (NPCI) has announced the launch of NPCI Tokenization system (NTS) to support tokenization of cards as an alternate to storing card details with merchants.
They will support the tokenization of RuPay cards to further enhance a safe and seamless shopping experience to consumers.
According to the guidelines of RBI, sensitive customer information is to be stored in the form of an encrypted token to help secure transactions. These tokens then allow payments to be processed without disclosing the customer details or allowing the payment intermediaries to store customer data that could breach security and privacy.
NPCI's Token Reference On File (TROF) service has list of benefits such as helping millions of RuPay cardholders, maintain the security of their financial data, The card details of the customers will be completely safe and secure at the RuPay Network Secure vault.
