The Reserve of India (RBI) has allowed all card payment networks to offer tokenization service.
No charges should be recovered from the customer for availing this service.
Tokenization involves a process in which a unique token masks sensitive card details. The token is then used to perform card transactions in contact-less mode at Point Of Sale (POS) terminals, Quick Response (QR) code payments, etc.
The RBI has allowed card payment networks to offer card tokenization services to any token requestor, that is, a third-party app provider. It extends to all use cases/channels [e.g., Near-Field Communication (NFC) / Magnetic Secure Transmission (MST)-based contact-less transactions, in-app payments, QR code-based payments etc.] or token storage mechanisms (cloud, secure element, trusted execution environment etc.).
All parties involved in the “payment transaction chain” will have to be registered with the central bank.
A cardholder can avail of these services by registering the card on the token requestor’s app and after giving ‘explicit consent’.
NASA Discovers a New Planet
NASA has discovered a new planet HD 21749b orbiting a dwarf star about 53 light-years away in the constellation of Reticulum.
HD 21749b revolve around its star in 36 days. The planet is about three times the size of the earth, which puts it in the category of a “sub-Neptune.”
The other two planets discovered by TESS are Pi Mensae C located about 60 light-years away in the southern constellation Mensa and LHS3884b located about 49 light-years away in the constellation Indus.
#WebWonderWomen
Twitter India and Ministry of Women and Child Development, in partnership with human rights organization Breakthrough, has launched the campaign #WebWonderWomen to celebrate Indian women achievers.
Under the campaign, people can nominate their favourite Indian woman achiever with her Twitter handle, anywhere in the world.
The women can be nominated under the following categories: health, media, literature, art, sports, tech, travel, business, legal/policy, governmental, entertainment, fashion/beauty, finance, food and environment.
