Civil Services Punjab State Civil Services CCE 2025 Current Affairs Business and Economy Economic and Financial Affairs
Consider the following statements with reference to the Tokenisation :
1. It refers to the replacement of actual credit and debit card details with an alternate code called the “token”, which will be unique for a combination of card, token requestor and device.
2. Customers who don’t have the tokenisation facility will have to key in their card details each time they order something online.
3. A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3