• About Us
  • Contact Us
Friday, June 9, 2023
  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Manappuram Finance launches digital money lending app

    Manappuram Finance launches digital money lending app

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    UPI to account for 90% of retail digital payments by 2026-27: PwC India report

    Credit card numbers continue to slip after RBI’s deactivation order

    Google Pay launches RuPay credit cards support on UPI in India

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

  • BFSI
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    EPFO may hire separate consultants for equity and debt portfolios

    EPFO may hire separate consultants for equity and debt portfolios

  • Education
    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    30 regional rural banks get education loan cover

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Education and the future of generative AI

    Education and the future of generative AI

    IIT Madras introduces online MTech course for working professionals

    IITs focus more on mental health as suicides rise

  • Enterprise
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

  • Technology
    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    5 more banks to join digital rupee pilot in 9 more cities soon

    India’s e-rupee unpopular as central banks push digital currency

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Manappuram Finance launches digital money lending app

    Manappuram Finance launches digital money lending app

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    UPI to account for 90% of retail digital payments by 2026-27: PwC India report

    Credit card numbers continue to slip after RBI’s deactivation order

    Google Pay launches RuPay credit cards support on UPI in India

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

  • BFSI
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    EPFO may hire separate consultants for equity and debt portfolios

    EPFO may hire separate consultants for equity and debt portfolios

  • Education
    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    30 regional rural banks get education loan cover

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

    Education and the future of generative AI

    Education and the future of generative AI

    IIT Madras introduces online MTech course for working professionals

    IITs focus more on mental health as suicides rise

  • Enterprise
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

  • Technology
    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    5 more banks to join digital rupee pilot in 9 more cities soon

    India’s e-rupee unpopular as central banks push digital currency

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home Fintech

RuPay is live on CVV-less Payments for Tokenized Cards

Prashant Dwivedi by Prashant Dwivedi
May 16, 2023
in BFSI, Fintech
A A
0
RuPay is live on CVV-less Payments for Tokenized Cards
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RuPay, India’s own homegrown card network serving millions of Indians across every nook and corner, is driven by the idea of solving and reducing friction for customers.

RuPay went live on Card on File Tokenization in 2021, in line with RBI’s guidelines, for its domestic ecommerce transactions to ensure better security for all its cardholders. To refine the experience further, RuPay has now introduced the CVV (Card Verification Value) free payment experience for its Debit, Credit & Prepaid cardholders who have tokenized their cards on the merchant application or webpage. Tokenization is a simple technology to secure card transactions without sharing the clear or
real card details with the merchants.

When a cardholder opts to save their card for a domestic ecommerce transaction, they authenticate the transaction through the card details (Card number, CVV, Card expiry date) as a onetime activity followed by entering the OTP (two-factor authentication), the details are then Tokenized and saved with the merchant. This safeguards the card details of the customer from cyber frauds as real details are not saved with the merchant. On the merchants live for CVV less payments, for the subsequent transactions customer can complete the payment by just entering the OTP without the need to enter the CVV or other card details again. With the auto read OTP feature enabled on customer’s devices, this payment experience becomes smoother than ever. This feature has been made live along with RazorPay for merchants like Rapido, Porter, etc. RuPay is further working with major aggregators / gateways like PayU, CyberSource, Firstdata, Paytm, etc. to extend this feature to other merchants.

Denny Thomas, Head RuPay said, “Our vision has always been to ensure effortless payments for all our RuPay cardholders without compromising on the security aspect. Having worked with the payments industry extensively for implementation of Card on File Tokenization, which ensures utmost security of sensitive card information, now we are aiming at making the payment experience of a tokenized card seamless.”

This new CVV less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they have saved (tokenized) their card on the ecommerce merchant which supports this feature. They will just have to enter the OTP or their device will auto populate the OTP during the domestic ecommerce transaction and the payment will be done!

0Like
0Dislike
50% LikesVS
50% Dislikes
Tags: bfsiCVVFintechNPCIrbiRuPay
Previous Post

Poll freebies to hurt long-term growth, say experts

Next Post

Govt panel may ready new list of public sector banks for privatisation

Prashant Dwivedi

Prashant Dwivedi

Related Posts

Gold loan NBFCs seek ‘priority’ sector status
BFSI

Gold loan NBFC Indel Money looks to strengthen presence in western, central India

June 9, 2023
RBI response sought on PIL seeking uniform banking code for forex transactions
Enterprise

Priority Sector Lending target deadline for Urban Cooperative Banks extended

June 9, 2023
RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability
BFSI

Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

June 9, 2023
Next Post
Banks to tap intelligence agencies before loans to ex-defaulters

Govt panel may ready new list of public sector banks for privatisation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

14th NBFC & FINTECH CONCLAVE & AWARDS 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

Gold loan NBFCs seek ‘priority’ sector status

Gold loan NBFC Indel Money looks to strengthen presence in western, central India

June 9, 2023
RBI response sought on PIL seeking uniform banking code for forex transactions

Priority Sector Lending target deadline for Urban Cooperative Banks extended

June 9, 2023
RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

June 9, 2023
NCUI signs MoU with HCL Foundation for branding support to co-ops

NCUI signs MoU with HCL Foundation for branding support to co-ops

June 8, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In