Visa: Service for removing card data from sites and applications

2021: Launch the function of removing map data from sites and applications in the Russian Federation

On August 13, 2021, it became known that the company launched Visa a new service that allows you to delete bank card data from sites and applications. The first to implement this tool, VTB"" and Home Credit. MTS-Bank They study such an opportunity in,, and. Rosbank"" PSB UBRIR Дом.рф

The new feature will help prevent unexpected payments on forgotten subscriptions and eliminate bank information leaks, Izvestia reports citing the payment system.

Visa introduced in the Russian Federation the function of deleting card data from sites and applications

As the co-founder and the CEO of CloudPaymentsDmitriy Spiridonov explained to the edition, for fight against frauds by means of new service the clients need to update independently the list of the issued subscriptions, only if in the service the warning system about a card binding to new resources is not customized. After this check, the user can independently draw conclusions about the leak of his payment data (the list will contain subscriptions that he did not issue) and take appropriate measures. For example, contact the issuing bank for a reissue of the card, he noted.

VTB emphasized that the new service increases the security of storing client data, since when linking a card in an online store, not its number is stored, but a token.

MTS Bank noted another advantage of the service: when the card is re-issued, the data will automatically be updated and the client will not need to re-subscribe.

The new service meets the requirements of global trends to strengthen personal data security, added Maxim Nalutin, director and head of the Deloitte financial sector services group in the CIS.

MasterCard The newspaper reported that they are introducing a similar service. The National Payment Card System (card operator World"") noted that such a function was tested in the Express Payment System.^[1]

Notes