NTS Card Tokenization Platform Launched By NPCI
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21 October 2021 Current Affairs:The National Payments Corporation of India (NPCI) has launched the NPCI Tokenization system (NTS)
Highlights:
♦ This is launched to further enhance the security of consumers and supply a seamless shopping experience to consumers.
♦ The NPCI Tokenization System (NTS) will support the tokenization of RuPay cards, to supply an alternate for storing card details with merchants.
♦ NPCI’s Token Reference On File(TROF) service will help RuPay cardholders, to take care of the protection of their financial data.
♦ With NTS, acquiring Banks, Aggregators, Merchants & others can get themselves certified with NPCI
♦ They’ll play the role of Token Requestor to assist save the Token reference number (Token Reference On File) against all card numbers saved.
