{"id":8812,"date":"2022-10-02T03:48:20","date_gmt":"2022-10-01T22:18:20","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=8812"},"modified":"2025-03-29T09:31:31","modified_gmt":"2025-03-29T04:01:31","slug":"tokenised-card-transaction","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/tokenised-card-transaction\/","title":{"rendered":"Tokenised card transaction"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>Tokenisation here refers to replacement of actual credit and debit card details with an\u00a0alternate code called the \u201ctoken\u201d.<\/li>\n<li>A token is a 16-digit number unique for a combination of card, token requestor and merchant.\u00a0<\/li>\n<li>By tokenising the card with a merchant, the actual card details of the customer are replaced with token credentials, which can be used only for the merchant for which the token has been created.<\/li>\n<li>Tokenisation can be performed only by the authorised card network and recovery of original Primary Account Number (PAN) should be feasible for the authorised card network only.<\/li>\n<li>Adequate safeguards have to be put in place to ensure that PAN cannot be found out from the token and vice versa, by anyone except the card network.\u00a0<\/li>\n<li>A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing.\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/tokenisation-for-credit-and-debit-card-transactions-what-is-it-and-how-does-it-help-you-8184678\/\" target=\"_blank\" rel=\"nofollow noopener\">Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokenisation refers to replacement of actual card details with a unique alternate code called &#8216;token&#8217;,<\/p>\n","protected":false},"author":5,"featured_media":8813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=8812"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/8812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/8813"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=8812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=8812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=8812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}