Hey @Razorpay - When some clicks Know More - you tell exactly 16 words? May be you should link to your blogpost or something that tells what those "RBI latest guidelines" are? Informed #Consent #CoFT
Please don't show "National Security" tomorrrow when someone clicks know more!
This simple explainer should have been given by @RBI on its website in all languages.💳🪙. #CoFT
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RT @the_subjectline
💳 மாறும் கார்டு பேமென்ட் விதிமுறைகள்; ஜனவரி 1-க்குப் பிறகு என்னாகும்?
👉 வரும் ஜனவரி 1, 2022-லிருந்து டெபிட் மற்றும் கிரெடிட் கார்டு பேமென்ட்களுக்கான ரிசர்வ் வங்கியின் புதிய விதிமுறைகள் அமலாகின்றன. இதனால், ஆன்லைன் கார்டு பேமென்ட்களில் பெரியளவில் மாற்றங்கள் நடக்கவிருக்கின்றன.
https://twitter.com/the_subjectline/status/1473950594444378115
They can cross-relate transactions between the merchants and the card tokens they store to conduct data analytics. Is this permitted? Is this regulated?
#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards
Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.
They can cross-relate transactions between the merchants and the card tokens they store to conduct data analytics. Is this permitted? Is this regulated?
#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards
Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.
Watch https://youtu.be/mI_RAbFT8kA?t=3997 #CashlessConsumer Comments on #CoFT regulation @CUTSCCIER panel discussion
#PrivacyWarrior ? Join us @internetfreedom forum where we go in detail on privacy impact of #CoFT.
We demand @RBI publish datasheet on privacy impact assessment on each regulatory mandate they introduce.
https://forum.internetfreedom.in/t/card-on-file-tokenisation-and-impact-on-privacy-security/2680
Related - #CoFT implementation in India. Mandatory in 2022. 💳🗄️🇮🇳
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RT @logic
#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵
https://twitter.com/logic/status/1464822516459966474
#CashlessConsumer will be sharing thoughts on the upcoming #CoFT regulatory mandate and its impact to consumers @CUTSCCIER panel on implementing #DigitalPayments regulation in consumer interest.
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RT @CUTSCCIER
The experts are talking tomorrow at 3pm IST on "Implementing RBI's Tokenisation Circular In Consumer Interest".
Register here: https://bit.ly/3DQQshB
Watch live on Youtube: https://youtu.be/mI_RAbFT8kA
#tokenisation #rbi #regu…
https://twitter.com/CUTSCCIER/status/1471365638027288580
https://twitter.com/logic/status/1464834149999685633
Correction - #JusPay / #TokenRequestors will be storing merchant scoped tokens and not the card number. Still - a new intermediary will now know of your transactions
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RT @logic
It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.
For example - the same #JusPay lost card details t…
https://twitter.com/logic/status/1464834149999685633
It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.
For example - the same #JusPay lost card details to a databreach. https://www.hackread.com/juspay-data-breach-card-data-sold-dark-web/
It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.
For example - the same #JusPay lost card details to a databreach. https://www.hackread.com/juspay-data-breach-card-data-sold-dark-web/
Just like how #RecurringPayments created new intermediaries #SIHub #MandateHQ for processing mandates, #CoFT introduces new intermediaries when you want to use "Saved Cards" from any merchant. #JusPay is one such #CoFT service provider.
Just like how #RecurringPayments created new intermediaries #SIHub #MandateHQ for processing mandates, #CoFT introduces new intermediaries when you want to use "Saved Cards" from any merchant. #JusPay is one such #CoFT service provider.
#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵
