ADVERTISEMENT
Convenience Vs Security: RBI’s Proposed Rules On Card Payments Prompt Debate
Come July, online shoppers may need to enter their card details every time they make an online transaction, as per new RBI rules.
24 Feb 2021, 10:44 AM IST
What comes first — convenience or security?The Reserve Bank of India’s soon-to-be-implemented rules on storage of credit and debit card customer data have prompted a familiar debate as retailers argue that the new rules will inconvenience customers, while others say they reduce the risk of a data breach.Come July, single-click and recurring payments that could earlier be done by just entering the card security code (CVV) will need cu...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT