Panel Discussion: Decoding RBI’s Circular on Tokenisation
About the webinar
In an attempt to make payment card transactions secure and safe while maintaining customer convenience, RBI has recently released a circular on Tokenisation for Card Transactions.
According to the guidelines of RBI, no entity in the card transaction/payment chain, such as merchants, are allowed to store the actual card data of customers beyond January 1, 2022. In addition, RBI has listed a few key conditions to be fulfilled by card issuers to be able to offer card tokenisation services as Token Service Providers (TSPs).
What is the next step for payment system providers and participants to ensure complete and ongoing compliance? How to simplify the tokenization process with respect to RBI’s guidelines?
- Highlights on RBI Circular on Tokenisation
- What does it mean to the payment industry?
- Benefits and Challenges with Tokenisation
Head – Compliance and Testing Services
Chief Risk Officer
National Payments Corporation of India
PCI Standards Council
Akella V S Prabhakar
Chief Risk and Compliance Officer