Under the regulatory framework established for digital retail transactions, how do banks protect customer card data during online e-commerce checkout processes?

Question

Banking · Card Payments and Cyber Security

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

By implementing 'Tokenization' which replaces actual card details with a unique, randomized digital code or token.

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Answer 1

By eliminating the interest-free credit card grace period completely for online web transactions.

Answer 2

By charging a uniform 3.5 percent cross-border markup fee to discourage online shopping fraud.

Answer 3

By implementing 'Tokenization' which replaces actual card details with a unique, randomized digital code or token.

Answer 4

By permitting merchants to explicitly log exact card numbers in local secure plaintext notebooks.

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