RBI Issued Directive to All Payment System Providers and Payment System Participants

RBI Issued Directive to All Payment System Providers and Payment System Participants – Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]. NOTIFICATIONS RBI/2022-23/77 CO.DPSS.POLC.No.S-567/02-14-003/2022-2 Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gateways”, and CO.DPSS.POLC.No.S-516/02-14-003/2021-22 […]

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