New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In the context of card on file tokenization, what is the

    significance of a 'Tokenization Vault'?
    A A secure storage facility for physical credit cards Correct Answer Incorrect Answer
    B A centralized database for storing sensitive cardholder data Correct Answer Incorrect Answer
    C A cryptographic key management system Correct Answer Incorrect Answer
    D A secure repository for storing tokenized card data Correct Answer Incorrect Answer
    E A virtual environment for testing tokenization algorithms Correct Answer Incorrect Answer

    Solution

     A secure repository for storing tokenized card data A Tokenization Vault is a secure storage system that houses tokenized card data, ensuring the protection of sensitive information and facilitating secure transactions without exposing actual card details.

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