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Current Affairs - 2021
The entity which tokenizes the actual card credentials and de-tokenizes them whenever required is known as TSP. What does TSP stands for?
A)
Token System Protocol
B)
Token Service Provider
C)
Token Solution Provider
D)
Token Serving Platform

Correct Answer :   Token Service Provider


Token Service Provider (TSP) refers to the entity which tokenizes the actual card credentials and de-tokenizes them whenever required. Earlier only card networks (like VISA, Mastercard) were allowed to act as TSPs.  So now banks can act as TSPs.

Published On : September 10, 2021
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