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      Question

      ________has launchedĀ  CVC (Credit verification

      code)-less online transactions for its debit and credit cardholders who have tokenized their cards on merchant platforms.
      A Mastercard Correct Answer Incorrect Answer
      B Visa Correct Answer Incorrect Answer
      C American Express Correct Answer Incorrect Answer
      D Capital One Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Ā  Payment network Mastercard has launchedĀ  CVC (Credit verification code)-less online transactions for its debit and credit cardholders who have tokenised their cards on merchant platforms.Ā  CVC is the three-digit number printed on the back of debit and credit cards. According to the Reserve Bank of India (RBI)’s guidelines, merchants will collect CVC only once while tokenizing the card.Ā Ā Ā Ā Ā Ā  From the second transaction onwards, cardholders will be required to select their tokenized card from the checkout page, confirm the one-time password and complete the transaction without entering the CVC.

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