General Knowledge · General Awareness
Consider the following statements regarding Card-on-File Tokenization (CoFT) in digital card operations: Statement I: Tokenization involves replacing actual card details with a unique 'Token' specific to a card, merchant, and device. Statement II: Once a card is tokenized, the customer must manually re-enter their 16-digit card number for every transaction. Statement III: The Token Requestor initiates the request to the card network to generate the token. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and III✓
- 4Only I
Correct answer
Only I and III
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