RBI wants you to fill the entire card details for every online payment

[raj2007]

Isn't net banking already complicated enough? Logging into online bank websites is so messy. Every fucking time... Password hasn't been changed in 3 months. Change it now to proceed

My Citibank password is not changed in 5 or 10 years
But I have to change other bank's password every 3 months.

I'm surprised my a/c with SBI doesn't ask to change the password almost a decade now. Rest of the banks always ask for password change within few months time

 

[dj2006]

Even my axis bank password was not changed since a decade. But then they implemented new interface for netbanking and I had to change last week.

 

[Sushubh]

In a first for India, Visa introduces CoF Tokenisation on Grofers, BigBasket and MakeMyTrip

Card-on-File Tokenisation replaces actual card data with encrypted digital tokens, which are then used to facilitate and authenticate transactions. This will save customers the hassle of having to enter all card details afresh for each transaction once the RBI’s PA and PG guidelines kick in on...

www.moneycontrol.com

 

[Navjot Singh]

"save customers the hassle". Something doesn't sit right when you hear RBI and India around this line.

 

[Sushubh]

i am glad Grofers is going to support this on my visa card
youtube ka to pata nahi kya scene hone wala hai.

 

[Navjot Singh]

Ads dekhne ki aadat daalni padegi phir se. RBI saving our money. Thank you, RBI.

 

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[socrates]

Merchants rush to meet RBI’s card payment rules

According to a notification published by the RBI in Sept, no entity in the card transaction or payment chain other than the card issuers and card networks can store data with effect from 1 January

www.livemint.com

 

[vishalrao]

Just got a popup in swiggy while making order payment via my HDFC Visa CC to either opt out or auto save CC details with Visa to avoid entering CC details manually post January 1st... Clicking the save and pay button it directly processed the payment so looks like at least swiggy or juspay is ready to handle the new system.

 

[Navjot Singh]

PhonePe has also given January 1 as the last date for the switch.

 

[Sachin23]

Cred is saving card details by offering users an Amazon Voucher worth Rs 100 @ Rs 2.
But they are not mentioning about this (saving card details) anywhere in the flow. Its only when you dig deeper, you realize why they are doing it. This is a shady practice! Users should be informed about it.

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