pratiyogita darpan english subscription Published this . TOKENISATION Why in news? Reserve Bank of
Indias cardonfile (CoF) tokenisation norms are effective from 1st October.
About CardonFile (CoF) TokenisationTokenisation is a process by which card
details in a CoF transaction are replaced by a unique code or token allowing
purchases to go through without exposing sensitive details. pratiyogita darpan english yearly subscription A CoF transaction
is one in which a cardholder has authorized a merchant to store his or her
Mastercard or Visa payment details and to bill the stored account. o A token is
a unique for a combination of card token requestor and the device Under the
process of tokenisation online players or merchants are not allowed to store
card number CVV and expiry date for processing online transactions. o Any
existing details that were saved by merchants will be deleted
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