This Card Will Have To Be Given At The Time Of Payment By The Card, RBI Declares The Rule

This Card Will Have To Be Given At The Time Of Payment By The Card, RBI Declares The Rule.
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This card will have to be issued at the time of payment, the RBI declared rule, which will be safe for debit and credit card transactions. You will not have to tell your card number any payment now. But the bank will give you a number each time. RBI has issued new rules for this. Let's say ...

A number will be given- Under the new rule, there will be no need to disclose the details of the card to make a credit / debit transaction for any transaction. For any payment, your bank will present a token number and go through the transaction with the token.

In the new system, That will be replaced by token. Third party application or website does not have tokens instead of card details Every time the new number will be released - due to this token, the details of the card will remain at risk for saving the details of the application or website. In addition, tokens will be used for payment by POS and QR codes. Different tokens will be issued for each payment, And for this you will not have to pay any type of charge.

Your money will be safe - nobody will be informed of the actual number of your credit / debit card from the inclusion of the token system, not even the bank's staff. Similarly, the companies will be responsible for any card payment in any trouble.

The token transaction facility is only available through mobile phones and tablets. Based on feedback, it will be applied to another device later. The pin system will also be applied to the tactical system.

This Card Will Have To Be Given At The Time Of Payment By The Card, RBI Declares The Rule
CLICK HERE TO READ FULL NEWS

source :- news 18