Explained: What tokenisation means and how it will affect card users

The Reserve Bank of India (RBI) recently said no entity in the card transaction or payment chain, apart from the card issuers and card networks, will be allowed to store sensitive user data from......

How Banks Are Tackling Cyber Frauds

Illustration: Uttam Ghosh/Rediff.com   From launching campaigns like 'RahoCyberSafe' and 'Vigil Aunty' to urging their customers to buy retail cyber insurance policies, banks are taking......

Credit card, passport details of 45 lakh flyers leaked in massive Air India data breach

Air India's passenger service system provider SITA faced a sophisticated cyberattack in February this year leading to leak of personal data of 4.5 million passengers -- which included passengers of......

Customers in limbo as banks, RBI thrash out differences

The RBI is not willing to ease its stance on tokenisation, insisting that payment facilitators cannot store customer card details. Illustration: Dominic Xavier/Rediff.com The payments industry is......