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In the light of the recent discussions regarding RBI’s decision to forbid card-on-file and storage of card details by merchants or payment aggregators, Ram Rastogi, a thought leader in the payments industry, explains the impact of these new changes over the merchants and customers
tokenization, card-on-file, ecommerce, data protection, Reserve Bank of India
Australia-based payment processor eftpos has delivered a new online security capability and has gone live with a number of Australian banks, fintechs, and merchants.
eftpos, fraud prevention, payment processor, card on file, two-factor authentication
India-based fintech Cashfree Payments has announced the launch of tokenisation solution ‘Token Vault,’ which saves card network tokens while staying compliant with RBI guidelines.
tokenization, Token, Cashfree, fraud prevention, card on file, product launch
The festive season is coming closer, and for a lot of businesses, the big focus is November and December, when over 40% of annual sales take place
ecommerce, tokenization, mobile payments, transactions , card on file
Jason Bohrer, Executive Director at U.S. Payments Forum, depicts the card-on-file considerations, and ways to provide better payments security
tokenization, card-on-file, card scheme, security token, PCI compliance
Visa has announced that effective the 1st of October 2020 it will extend the card-not-present (CNP) Unsecure Fraud Dispute Fee to include card-on-file transactions in Europe.
Visa, chargebacks, fraud dispute fee, merchants, MRC, card-on-file, ecommerce
Jukka Yliuntinen from Giesecke + Devrient agrees that technological revolution and enhanced payments infrastructure are major events that have transformed the payment landscape in the past decade
Giesecke+Devrient, G+D, Jukka Yliuntinen, card-on-file, CoF tokenization, SCA, mobile payments, Convego CloudPay eCOM, merchants, online payments, user experience, fintechs, shopping
Secure Trading has partnered with security platform Citizen to secure proof of consent for card-on-file and to provide chargeback defence for friendly and general fraud.
Secure Trading, Citizen, chargebacks, fraud prevention, card-on-file, authentication, subscription
Switch, a fintech company, has launched CardSavr to notify card issuers that the reissued cards are placed into circulation after activation on ecommerce sites.
Switch, CardSavr, cards, Issuer, ecommerce, card-on-file, fintech , online payments