RuPay Card goes live on CVV-less payments for tokenised cards

[Abhishek012]

RuPay Card goes live on CVV-less payments for tokenised cards:​

This new CVV-less experience ensures that the card holder will not have to reach out to their wallet or remember any card details, if they have saved (tokenized) their card on the ecommerce merchant which supports this feature, NPCI said.

The National Payments Corporation of India (NPCI) on Monday said RuPay has now introduced the CVV (Card Verification Value) free payment experience for its debit, credit and prepaid card holders who have tokenized their cards on the merchant application or webpage.

This new CVV-less experience ensures that the card holder will not have to reach out to their wallet or remember any card details, if they have saved (tokenized) their card on the ecommerce merchant which supports this feature, NPCI said in a statement.

When a card holder opts to save their card for a domestic ecommerce transaction, they authenticate the transaction through the card details (Card number, CVV, Card expiry date) as a one time activity followed by entering the OTP (two-factor authentication), the details are then Tokenized and saved with the merchant, it said.

This safeguards the card details of the customer from cyber frauds as real details are not saved with the merchant.

The merchants live for CVV-less payments, for the subsequent transactions customer can complete the payment by just entering the OTP without the need to enter the CVV or other card details again.

With the auto read OTP feature enabled on customer’s devices, this payment experience becomes smoother than ever. This feature has been made live along with RazorPay for merchants like Rapido, Porter, etc. RuPay is further working with major aggregators/gateways like PayU, CyberSource, Firstdata, Paytm, etc. to extend this feature to other merchants, it said.

RuPay, the homegrown card network developed by NPCI, went live on Card on File Tokenization in 2021, in line with RBI’s guidelines, for its domestic ecommerce transactions to ensure better security for all its card holders.

 

[iNokia]

Mc peeche reh gaya kya?

 

[Abhishek012]

Mc peeche reh gaya kya?

I dnt know why Mastercard still exist in India.

Mastercard should tieup with RuPay to launch RuPay-Mastercard cobranded Global cards. Yeh jada better hoga.

INR currency payment use RuPay network and foreign currency payment use Mastercard network.

 

[yolofino]

Does that mean that if someone is able to login into my account (say Flipkart), he or she can place an order using the tokenised card even when they don't have the CVV?

 

[iNokia]

Does that mean that if someone is able to login into my account (say Flipkart), he or she can place an order using the tokenised card even when they don't have the CVV?

OTP will still be needed.

 

[ashwinkashwink is verified member.]

Mc peeche reh gaya kya?

I dnt know why Mastercard still exist in India.

Mastercard should tieup with RuPay to launch RuPay-Mastercard cobranded Global cards. Yeh jada better hoga.

INR currency payment use RuPay network and foreign currency payment use Mastercard network.

When it comes to technology MasterCard is always ahead with their compilation
MC is the premium card network available in whole world
Even Companies like Apple , Samsung also launched their card in with partnership with Mastercard network
Samsung and MasterCard brings the world's first fingerprint enabled card
Even Indian company like One Card also now started issuing the card in Master Card.
Don't ignore master card 😔

 

[Abhishek012]

When it comes to technology MasterCard is always ahead with their compilation
MC is the premium card network available in whole world
Even Companies like Apple , Samsung also launched their card in with partnership with Mastercard network
Samsung and MasterCard brings the world's first fingerprint enabled card
Even Indian company like One Card also now started issuing the card in Master Card.
Don't ignore master card 😔

So ? ApplePay in US now launch Visa credit card.

Samsung India launch Visa co-branded credit card not mastercard.

RuPay also working with banks, UIDAI and other partners to launch fingerprint enabled cards (i dnt know when they will launch the fingerprint enabled card)

Mastercard is just a selfish and anti-India company. 😀😀

 

[ashwinkashwink is verified member.]

So ? ApplePay in US now launch Visa credit card.

Samsung India launch Visa co-branded credit card not mastercard.

RuPay also working with banks, UIDAI and other partners to launch fingerprint enabled cards (i dnt know when they will launch the fingerprint enabled card)

Mastercard is just a selfish and anti-India company. 😀😀

Rupay Jindabad🙏

 

[iNokia]

Rupay Jindabad🙏

Thumbs down ke baad yeh post karte ho. Sab dikh Raha hai.

 

[ashwinkashwink is verified member.]

Thumbs down ke baad yeh post karte ho. Sab dikh Raha hai.

Thumbs down for only saying as anti Indian
Rupay is backed by Indian Government
But Mastercard is a Independent.

 

[Abhishek012]

Thumbs down for only saying as anti Indian
Rupay is backed by Indian Government
But Mastercard is a Independent.

Mastercard is anti-India Independent US govt backend company. 🤣🤣

If the US govt wants to impose sanctions on any country, it does so with the help of Visa, Mastercard, Diners club, AMEX and SWIFT.

So, dnt say Independent company.

By the way do you know RuPay/NPCI is a Private company ? Amazon, walmart, paytm, mobikwik etc also have some shares in RuPay/NPCI.

 

[Strange]

When it comes to technology MasterCard is always ahead with their compilation
MC is the premium card network available in whole world
Even Companies like Apple , Samsung also launched their card in with partnership with Mastercard network
Samsung and MasterCard brings the world's first fingerprint enabled card
Even Indian company like One Card also now started issuing the card in Master Card.
Don't ignore master card 😔

I don't like mastercard because their debit cards don't work on all sites/apps.

I think MasterCard is charging high MDR that's why Paytm doesn't allow credit card bill payment through mastercard debit card and cheq is also not allowing ICICI mastercard debit card.

I have noticed that in SBI VISA and Rupay debit cards uses similar transaction id like UPI OR IMPS but mastercard debit card's transaction id is completely different. I think VISA is working with NPCI but not mastercard. @Abhishek012 do you have more details about it.

 

[Abhishek012]

I don't like mastercard because their debit cards don't work on all sites/apps.

I think MasterCard is charging high MDR that's why Paytm doesn't allow credit card bill payment through mastercard debit card and cheq is also not allowing ICICI mastercard debit card.

I have noticed that in SBI VISA and Rupay debit cards uses similar transaction id like UPI OR IMPS but mastercard debit card's transaction id is completely different. I think VISA is working with NPCI but not mastercard. @Abhishek012 do you have more details about it.

Transaction Id means 12 digit numbers starting with 3 ? Are you getting this transaction number on Visa card online transactions ?

This is Retrieval Reference Number (RRN) issue by NPCI for transaction settlement.

Every year NPCI increase first digit like 12 digit numbers starting with 3 for year 2023, 12 digit numbers starting with 4 for next year 2024, 12 digit numbers starting with 5 for year 2025.

NPCI first started this numbers in year 2010.

12 digit numbers starting with 0 for year 2010,
12 digit numbers starting with 1 for year 2011,
12 digit numbers starting with 2 for year 2012,
.....
12 digit numbers starting with 9 for year 2019,
and then NPCI reset the number and start with 0

12 digit numbers starting with 0 for year 2020,
12 digit numbers starting with 1 for year 2021,
12 digit numbers starting with 2 for year 2022,
12 digit numbers starting with 3 for year 2023,
12 digit numbers starting with 4 for next year 2024..

Here is the source, also first 4 digit is Julian date, hour etc -



Source - https://www.npci.org.in/PDF/nfs/circular/2019-20/NFS _OC354(Retrieval-Reference-Number-(RRN)-format-in-raw-data-settlement).pdf

By the way, year 2021 NPCI change in nomenclature of Retrieval Reference number (RRN) in UPI to avoid duplicates -

Actually, this old format limit is 1 million unique RRN per hour per PSP, but more transactions started happening across UPI per hour.

Here is the changes in RRN format, now its support 100 million unique RRN within 24hrs per PSP -



Source - https://www.npci.org.in/PDF/npci/up...nce-number-RRN-in-UPI-to-avoid-duplicates.pdf

 

[Strange]

Transaction Id means 12 digit numbers starting with 3 ? Are you getting this transaction number on Visa card online transactions ?

This is Retrieval Reference Number (RRN) issue by NPCI for transaction settlement.

Every year NPCI increase first digit like 12 digit numbers starting with 3 for year 2023, 12 digit numbers starting with 4 for next year 2024, 12 digit numbers starting with 5 for year 2025.

NPCI first started this numbers in a year 2010.

12 digit numbers starting with starting with 0 for year 2010,
12 digit numbers starting with starting with 1 for year 2011,
12 digit numbers starting with starting with 2 for year 2012,
.....
12 digit numbers starting with starting with 9 for year 2019,
and then NPCI reset the number and start with 0

12 digit numbers starting with starting with 0 for year 2020,
12 digit numbers starting with starting with 1 for year 2021,
12 digit numbers starting with starting with 2 for year 2022,
12 digit numbers starting with starting with 3 for year 2023,
12 digit numbers starting with starting with 4 for next year 2024..

Here is the source, also first 4 digit is Julian date, hour etc -

View attachment 17032

Source - https://www.npci.org.in/PDF/nfs/circular/2019-20/NFS _OC354(Retrieval-Reference-Number-(RRN)-format-in-raw-data-settlement).pdf

By the way, year 2021, NPCI Change in nomenclature of Retrieval Reference number (RRN) in UPI to avoid duplicates -

Actually, this old format limit is 1 million unique RRN per hour per PSP, but more transactions started happening across UPI per hour.

Here is the changes in RRN format, now its support 100 million unique RRN within 24hrs per PSP -

View attachment 17033

Source - https://www.npci.org.in/PDF/npci/up...nce-number-RRN-in-UPI-to-avoid-duplicates.pdf

Why mastercard isn't using this RRN format like VISA and Rupay even if they are issued by the same bank? Any idea why apps like Paytm and cheq doesn't allow mastercard debit cards!

 

[irajnish]

I don't like mastercard because their debit cards don't work on all sites/apps.

I think MasterCard is charging high MDR that's why Paytm doesn't allow credit card bill payment through mastercard debit card and cheq is also not allowing ICICI mastercard debit card.

I have noticed that in SBI VISA and Rupay debit cards uses similar transaction id like UPI OR IMPS but mastercard debit card's transaction id is completely different. I think VISA is working with NPCI but not mastercard. @Abhishek012 do you have more details about it.

I regularly use HDFC Millennia DC on CheQ and Mobikwik to pay CC bills. Not sure about Paytm.

 

[Strange]

I regularly use HDFC Millennia DC on CheQ and Mobikwik to pay CC bills. Not sure about Paytm.

Paytm doesn't allow mastercard debit card to pay cc bill. You can verify it yourself.

 

[Abhishek012]

Why mastercard isn't using this RRN format like VISA and Rupay even if they are issued by the same bank? Any idea why apps like Paytm and cheq doesn't allow mastercard debit cards!

Like you said, yes MasterCard is charging high MDR and also high service fees, annual fees, BIN issue fees from banks.

That's why business/corporate credit cards are mostly mastercards because mastercard charge 3% MDR almost all categories.

But debit card fees are same between 0.4% to 0.9% but Visa and RuPay debit card sometimes charge low MDR on selected merchant categories (I know currently zero mdr for RuPay debit cards but I'm talking about before zero mdr).

Now your 2nd ques "Why mastercard isn't using this RRN format like VISA and Rupay even if they are issued by the same bank?"

I dnt know but i think mastercard use their own settlement system for all mastercard transactions, Banks maybe also pay additional charges for settlement of all mastercard transactions.

 

[yolofino]

OTP will still be needed.

So if a bank sends OTPs to email also, and the said person has access to my email...

 

[hakunamatata]

So if a bank sends OTPs to email also, and the said person has access to my email...

Bhai sab kuch access h uske pas, to kuch to vishwas rakho uspr.

 

[ashwinkashwink is verified member.]

Paytm doesn't allow mastercard debit card to pay cc bill. You can verify it yourself.

For me Paytm doesn't even allow to pay cc bills using any DC's