PCI: Will ensure customers don't need to key in card no.

The Reserve Bank of India (RBI) along with the payments industry, and the payments council of India (PCI) are working on a possible solution that could ensure that the customers do not have to key in their 16 digit credit or debit card number, every time they make payments through their cards, effective January 2022 when the new RBI rules are supposed to kick in, the PCI said on Wednesday. The PCI said, “The industry and PCI are working in alignment with RBI on possible secure card on file solutions which will ensure a near similar customer experience for online purchases whilst enhancing the security of the storage of card credentials of customers”. The RBI was not willing to budge from its stance, insisting that payment facilitators cannot store customer card details.