Question

In a tokenization transaction, which parties or stakeholders are typically involved?  1. Merchant & Customer 2. Acquirer & Issuer  3. Token service provider & Requestor

A 1 & 3 Correct Answer Incorrect Answer
B 2 & 3 Correct Answer Incorrect Answer
C 1 & 3 Correct Answer Incorrect Answer
D 3 only Correct Answer Incorrect Answer
E All the above Correct Answer Incorrect Answer

Solution

Normally, in a tokenised card transaction, parties / stakeholders involved are merchant, the merchant's acquirer, token service provider (card payment network or card issuer), token requestor, issuer and customer.

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