The 4 Benefits of Tokenization in Digital Payments Payel Ghosh2023-02-02T17:13:34+05:30A token is a value that goes securely through the network to process payments without exposing actual card data. Tokenization aims to replace or represent specific sensitive information without compromising its security. The 16-digit payment card account number is replaced with a unique digital identifier, or the “token,” for mobile [...] FacebookTwitterLinkedInEmail September 16, 2022 Read more...
Central Bank Digital Currency (CBDC): Here is All You Need to Know Payel Ghosh2023-02-08T10:51:27+05:30As the name suggests, CBDC is the central bank-issued digital currency. It is an electronic form of sovereign currency that will appear as a liability on a central bank’s balance sheet just like physical currency. Instead of printing money, the central bank, backed by the central government, issues electronic [...] FacebookTwitterLinkedInEmail September 5, 2022 Read more...
Machine Learning: The Need of the Hour for Banks Vishnu Vardhan Vankayala2022-02-17T20:50:03+05:30Banks have been frontrunners in adopting new technological innovations for the past couple of decades and have taken advantage of everything technology has to offer. Indian-born British inventor John Adrian Shepherd-Barron was inspired by chocolate vending machines and hit upon the idea “if vending machines could dispense chocolates, why couldn’t [...] FacebookTwitterLinkedInEmail February 17, 2022 Read more...
Trends in the Digital Payments Sector to Look Out For in 2022 Payel Ghosh2022-01-20T18:49:27+05:30The digital mode of payment has emerged in the last two years due to the pandemic. The world has seen a spike in digital payment transactions. Payments are now faster, frictionless, contactless, embedded, and transparent. What more will we see in 2022? What can be enhanced further? Better Infrastructure with more [...] FacebookTwitterLinkedInEmail January 20, 2022 Read more...
The Necessity of Quality Assurance for Digital Payments Cigniti Technologies2017-09-28T14:12:49+05:30The veil has been lifted, the masks are off. A couple of decades ago, the customer took what was offered. Organizations did what they felt was in their power. There was a mystery regarding the on-goings of trade, and trade-secrets were greatly guarded. As time passed, however, communication took [...] FacebookTwitterLinkedInEmail January 28, 2017 Read more...