Question

RBI recently extended the card-on-file (Co

  • F tokenization deadline by 6 months to June 30, 2022. Which of the following correctly describes CoF tokenization?
A Instead of Plastic cards, customers will be given token for their Savings Accounts
B Customers who do not have the tokenisation facility will have to key in their name, 16-digit card number, expiry date and CVV each time they order something online.
C Tokenisation refers to replacement of actual credit and debit card details with an alternate code called the “token”.
D a & b
E b & c
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