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