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?

#CoFT #SaveOurPrivacy #DigitalPayments

#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?

#CoFT #SaveOurPrivacy #DigitalPayments

#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/

I was on merchant site where I had previously stored my card details. From Jan 2022, since the #CoFT guidelines kick in, the merchant has to tokenize the card to continue providing faster checkouts to me complying with #RBI regulations.

I was on merchant site where I had previously stored my card details. From Jan 2022, since the #CoFT guidelines kick in, the merchant has to tokenize the card to continue providing faster checkouts to me complying with #RBI regulations.

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.

While initially this meant that only card networks (besides your own bank will have full card number), #RBI wide September 07, 2021 permitted #CoFT Service Providers.

https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12159

While initially this meant that only card networks (besides your own bank will have full card number), #RBI wide September 07, 2021 permitted #CoFT Service Providers.

https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12159

#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 🧵