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    Question

    The RBI has introduced a Card-on-File (CoF) token

    facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts with various e-commerce applications. For a CoF, a token is a _______ digit number unique for a combination of card, token requestor and merchant. 
    A 12 Correct Answer Incorrect Answer
    B 14 Correct Answer Incorrect Answer
    C 16 Correct Answer Incorrect Answer
    D 18 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts with various e-commerce applications. At present, a CoF token can only be created through the merchant's application or webpage. For a CoF, a token is a 16-digit number unique for a combination of card, token requestor and merchant. Through tokenization, the actual card details are replaced with token credentials that can be used only with the intended merchant.

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