• Internet
    RBI Extends Tokenisation Services to Online Merchants

    Continuing its efforts to improve the safety of card transactions, the Reserve Bank of India (RBI) on Tuesday extended the use of tokenisation – hiding of actual card details with a unique token – in the wider payments ecosystem. To date, the RBI had allowed card payment networks like Visa and MasterCard to use the tokenisation technology […]

  • Internet
    RBI to Limit Customer Liability in Wake of Increased Digital Fraud

    In view of rising complaints of fraudulent transactions in digital banking, the RBI on Tuesday said it will soon issue guidelines to limit the customer liability in unauthorised digital transactions and asked the banks to tighten their IT security systems. “RBI had come out with a draft circular on ‘Customer Protection – Limiting Liability of […]