#coft — Public Fediverse posts

They can cross-relate transactions between the merchants and the card tokens they store to conduct data analytics. Is this permitted? Is this regulated?

#CoFT #SaveOurPrivacy #DigitalPayments

#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards

Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.

Related - #CoFT implementation in India. Mandatory in 2022. 💳🗄️🇮🇳
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RT @logic
#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵
https://twitter.com/logic/status/1464822516459966474

https://twitter.com/logic/status/1464834149999685633

Correction - #JusPay / #TokenRequestors will be storing merchant scoped tokens and not the card number. Still - a new intermediary will now know of your transactions
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RT @logic
It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.

For example - the same #JusPay lost card details t…
https://twitter.com/logic/status/1464834149999685633

It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.

For example - the same #JusPay lost card details to a databreach. https://www.hackread.com/juspay-data-breach-card-data-sold-dark-web/

It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.

For example - the same #JusPay lost card details to a databreach. https://www.hackread.com/juspay-data-breach-card-data-sold-dark-web/

It is important to note that #RBI has allowedt third parties like #JusPay to store card details and act as #CoFT service provider - with no checks and balances.

For example - the same #JusPay lost card details to a databreach. https://www.hackread.com/juspay-data-breach-card-data-sold-dark-web/

Just like how #RecurringPayments created new intermediaries #SIHub #MandateHQ for processing mandates, #CoFT introduces new intermediaries when you want to use "Saved Cards" from any merchant. #JusPay is one such #CoFT service provider.

Just like how #RecurringPayments created new intermediaries #SIHub #MandateHQ for processing mandates, #CoFT introduces new intermediaries when you want to use "Saved Cards" from any merchant. #JusPay is one such #CoFT service provider.

Just like how #RecurringPayments created new intermediaries #SIHub #MandateHQ for processing mandates, #CoFT introduces new intermediaries when you want to use "Saved Cards" from any merchant. #JusPay is one such #CoFT service provider.

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵