Podcast
Questions and Answers
What does tokenization in the context above refer to?
What does tokenization in the context above refer to?
- Blocking access to card details on merchant websites
- Generating a digital token for online purchases
- Creating a set of numbers to replace sensitive card data (correct)
- Encrypting card information for security purposes
How can card owners initiate tokenization according to the text?
How can card owners initiate tokenization according to the text?
- By using smart devices like smartwatches
- By generating tokens via card-issuer's website or app (correct)
- Through visiting the merchant's website
- By contacting the bank's customer service
What benefit does tokenization provide in terms of card security?
What benefit does tokenization provide in terms of card security?
- Displaying full card information on merchant websites
- Preventing unauthorized access to card details (correct)
- Enhancing the speed of online transactions
- Sharing card data with multiple online platforms
When did the tokenization process mentioned become effective?
When did the tokenization process mentioned become effective?
What is the primary purpose of creating a token to replace sensitive card data?
What is the primary purpose of creating a token to replace sensitive card data?
How does tokenization benefit online transactions according to the text?
How does tokenization benefit online transactions according to the text?
What is the full form of CBS in the context of banking systems?
What is the full form of CBS in the context of banking systems?
Which technology enables offline retail payments through UPI?
Which technology enables offline retail payments through UPI?
What is the purpose of Card Tokenization implemented from October 1, 2022?
What is the purpose of Card Tokenization implemented from October 1, 2022?
Which payment method has benefits associated with an overdraft facility according to UPI?
Which payment method has benefits associated with an overdraft facility according to UPI?
What system was introduced by NACH-ABPS in MGNREGA to disburse payments?
What system was introduced by NACH-ABPS in MGNREGA to disburse payments?
In the context of banking, what does MDR stand for?
In the context of banking, what does MDR stand for?
'rMQR' in the banking context refers to:
'rMQR' in the banking context refers to:
'FASTag' is primarily used for:
'FASTag' is primarily used for:
'Nostro-Vostro' agreements often involve currencies like:
'Nostro-Vostro' agreements often involve currencies like:
What is the purpose of RBI's tokenization norms in online transactions?
What is the purpose of RBI's tokenization norms in online transactions?
What change do the RBI's tokenization norms bring about in online transactions?
What change do the RBI's tokenization norms bring about in online transactions?
Which organizations collaborated to launch the National Common Mobility Card (NCMC) in 2019?
Which organizations collaborated to launch the National Common Mobility Card (NCMC) in 2019?
What is the main purpose of FASTags in India?
What is the main purpose of FASTags in India?
How do FASTags work for paying toll fees at highways?
How do FASTags work for paying toll fees at highways?
What is the significance of the One Nation One Card Model developed by Ministry of Housing & Urban Affairs (MoHUA)?
What is the significance of the One Nation One Card Model developed by Ministry of Housing & Urban Affairs (MoHUA)?
