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Introduction
A Token Service Provider Code (TSP Code) is a 3 digit code assigned to Token Service Provider
(TSP) and maintained by EMVCo.
The TSP Code is included in the Token Requester ID which uniquely identifies the pairing of Token
Requester with the Token Service Provider. This helps achieve transparency of the entity that provided
the Payment Token.
A TSP Code is unique to each Token Service Provider, even those that support multiple unaffiliated
Card Issuers.
Please refer to the document EMV Payment Tokenisation Specification Technical Framework
Version 1.0 (Tokenisation Specification) for further details and definitions of certain terms.
Submission Process
This form should be completed in full and submitted via EMVCos online Docusign process
(questions to tspcode@emvco.com).
Prerequisites
The request for obtaining a TSP Code allocated by EMVCo shall meet the following criteria:
TSP Code Registrant is a company, or a significant division of a parent company, which must be
engaged in, or demonstrating intent to be engaged in, EMV Token Services relating to the role a
TSP as detailed in the Tokenisation Specification and highlighted on the Registration Form. This
includes national or regional representative organisations for these entities. If the qualification
applies to a division of a larger organisation, then the TSP Code Registrant must be from the
qualifying division.
TSP Code Registrant must demonstrate that they have direct ownership of a Token BIN or Token
BIN Range for EMV Token Services or demonstrate they have or will have the consent of Card
Issuers or BIN Controller / Manager of a Token BIN or Token BIN Range.
The TSP Code Registrant must have a financial or contractual obligation related to support EMV
Payment Tokenisation as described in the Tokenisation Specification (EMV Payment
Tokenisation) and is currently providing a developed (or otherwise owns) and commercially
released service in which it provides EMV Payment Tokens to registered Token Requesters (TSP
Service).
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Publication
The TSP Codes will be publicly published and maintained by EMVCo and are accessible from the
EMVCo website. Information will be published in two separate ways: an HTML-based table and a
downloadable Letter of Registration. A sample table is below, and a sample Letter of Registration can
be found in Appendix A of this document. This sample table is for illustration only; the actual
publication may vary in content and/or format. The Letter of Registration will be publicly published,
but the published version will not include Attachment A.
Framework 1.0
Framework 1.0
Fee Structure
The Registration Fee charged by EMVCo is intended to cover the administrative expense incurred by
EMVCo in managing the TSP Code registration process. This process includes, but is not limited to:
Review of registration and applicant criteria.
Updates to the TSP Code registration process.
Maintenance of the TSP Code list.
Publication of the current TSP Code list.
An annual renewal fee will apply for each assigned TSP Code:
$2,500 (Two Thousand Five Hundred USD) for renewal per annum; effective one year from
the registration date or last renewal date.
Failure to pay the renewal fee will result in EMVCo revoking the assigned TSP Code.
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Note: Payers are responsible for any bank charges associated with remittance. Each Token Service
Provider must work with its bank to ensure that EMVCo receives the full amount of the fee. The
Request for Registration will not be reviewed until complete payment has been received.
Disclaimer
Issuance of a TSP Code may not be sufficient for an applicant TSP to provide its TSP Service. The
applicant TSP needs to work with Card Issuers and potentially Payment Networks to ascertain
additional program and participation requirements.
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Registration Process
Applicant
revises and NO EMVCo
resubmits the Assigns the
Registration TSP Code
Form
NO YES
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Renewal Process
EMVCo informs
Registrant of
impending
renewal
EMVCo invoices
Registrant
NO YES
Payment
remitted
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Please return the completed and signed form via DocuSign. Submit questions to tspcode@emvco.com.
Date: XXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXX
We hereby request registration of ________________________________________________
("Organisation") with EMVCo, in order to obtain a Token Service Provider Code. For all
correspondence between EMVCo and our Organisation please utilise the contact name and
information below.
Sincerely,
Title: ____________
Date: ____________
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Organisation Information
Address1 XXXXXXXXXXXXXXXXXXXXXX
Country1 XXXXXXXXXXXXX
Main Contact
Email1 2 XXXXXXXXXXXX
Phone1 Fax
Invoicing Details
Phone Fax
1 This information may be included in future EMVCo publications and on the EMVCo website.
2 Many important communications with EMVCo will be done by email. Please make sure that you provide correct
email addresses and that your firewall does not block emails coming from EMVCo. All email notifications sent from
EMVCo will be sent to the main contact email address, copying the concerned additional contact email addresses.
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Address
Country
Additional Contact
Phone Fax
Business Information
Is your organisation a 3:
3 This information may be included in future EMVCo publications and on the EMVCo website.
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
If the answer by the applicant TSP is no for any of the above assessment items please provide further
details below:
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
Registration Number
Date Signature
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code Registration Form
EMVCo, LLC ("EMVCo"), a Delaware limited liability company, has received your
request for TSP Code assignment for the above referenced service. In connection with your
EMVCo Token Service Provider Code Registration Request dated May 12, 2014 attached hereto
as Attachment A, we have reviewed the self attestation that your Organisation implements Token
Service Provider services as defined in section 5, 6 and 7 of the EMV Payment Tokenisation
Specification Technical Framework.
EMVCo hereby (a) grants your EMVCo Token Service Provider Code Registration
request approval, based on the self attestation that your Organisation implements Token Service
Provider services as defined in section 5, 6 and 7 of the EMV Payment Tokenisation Specification
Technical Framework, and (b) issues to your Organisation the TSP Code specified above.
This Letter of Registration is subject to the terms of the EMVCo Token Service Provider
Code Registration Agreement between EMVCo and your Organisation.
This Letter of Registration is valid while the registration number is posted on the EMVCo
website.
EMVCo Token Service Provider Code Registration Form, version 1.1, May 2016
EMVCo Token Service Provider Code
Registration Agreement
(FOR REFERENCE ONLY; COMPLETE AND SUBMIT AGREEMENT
VIA EMVCOS ONLINE DOCUSIGN PROCESS)
RECITALS
B. EMVCo issues token service provider codes to token service providers whose
service complies with the EMV Payment Tokenisation Specification Technical Framework.
EMVCo also maintains a publicly accessible registry of such issued token service provider
codes.
AGREEMENT
1. Definitions
127376546.3
TSP Code means a token service provider code issued to a token service provider by
EMVCo for use as described in the Tokenisation Specification.
TSP Service means a service provided by a token service provider involving the
issuance of payment tokens and other activities of a Token Service Provider as described in the
Tokenisation Specification.
2. Registration Process
2.1 Eligibility.
Service Provider represents and warrants to EMVCo that it meets all of the prerequisite
criteria set forth in the Registration Form, including without limitation that (a) Service Provider
intends to support payment tokenisation as described in the Tokenisation Specification by
providing a TSP Service and (b) Service Provider has commercially released a TSP Service.
2.2 Registration
EMVCos review of Service Providers request for the issuance of a TSP Code is subject
to EMVCos receipt of a complete Registration Form and all applicable Registration Fees from
Service Provider. Subject to Service Providers compliance with this Agreement, EMVCo may,
in its sole discretion, either issue a unique TSP Code to Service Provider or reject Service
Providers request. If EMVCo rejects Service Providers request, EMVCo will either (a) notify
Service Provider of the reasons of the rejection and allow Service Provider to revise and
resubmit the Registration Forms, or (b) terminate this Agreement as provided in Section 5.2.1
and refund all Registration Fees paid by Service Provider to EMVCo.
If EMVCo issues a TSP Code to Service Provider, EMVCo will (a) notify Service
Provider of the TSP Code and (b) list the TSP Code, Service Providers name and contact
information, and, in EMVCos discretion, other Service Provider information that EMVCo
generally makes available for TSP Codes in the Registry (collectively, a Listing) in the
Registry throughout the Term (as defined below). As long as the TSP Code is issued by EMVCo
to Provider, Service Provider may state to third parties that the TSP Code is registered with
EMVCo for Service Providers TSP Service. Service Provider will not suggest or imply to any
third party that EMVCo has evaluated, approved, certified or otherwise endorsed Service
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127376546.3
Provider or its TSP Service. EMVCo will use reasonable efforts to update Service Providers
name or contact information in the Listing within five (5) business days after receiving notice of
change requests. Service Provider acknowledges that EMVCo does not guarantee and cannot
ensure that the TSP Code issued by EMVCo will not be used by third parties for other TSP
Services. Upon termination of this Agreement, EMVCo may remove the Listing from the
Registry.
4. Fees
Service Provider agrees to pay EMVCo the fees described on the Registration Form or
otherwise communicated to Service Provider in writing from time to time (Registration Fees)
in accordance with the payment terms set forth in such Registration Form or other written
communication. Except as specifically provided in this Agreement, all Registration Fees are
nonrefundable. EMVCo reserves the right, in its sole discretion, to modify the Registration Fees
at any time by giving notice of such modifications to Service Provider. For purposes of this
Section 4, such notice to Service Provider may be in written or electronic form, including e-mail
or by posting of notice on the EMVCo website. Any change in the Registration Fees will apply
to each Renewal Term (as defined below) commencing after the effective date of such change.
5.1 Term
The term of this Agreement will commence on the Effective Date and will continue for
an initial term ending one (1) year after the first date on which EMVCo issues a TSP Code to
Service Provider (Initial Term). Thereafter, the term of this Agreement will automatically
renew for one or more successive one (1) year periods (each, a Renewal Term, and the Initial
Term together with all Renewal Terms, the Term) unless (a) either Party gives written notice
of nonrenewal at least thirty (30) days before the commencement of a Renewal Term, or
(b) EMVCo increases the Registration Fees within thirty (30) days before the commencement of
a Renewal Term and Service Provider provides written notice of nonrenewal to EMVCo before
such Renewal Term.
5.2 Termination
EMVCo may terminate this Agreement at any time before the issuance of a Registry ID,
effective immediately upon written notice to Service Provider. Upon EMVCos termination of
this Agreement under this Section 5.2.1, EMVCo will refund to Service Provider all of the
Registration Fees paid by Service Provider.
EMVCo may terminate this Agreement at any time during the Initial Term or any
Renewal Term without cause by providing written notice to Service Provider at least thirty (30)
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127376546.3
days before the effective date of such termination. Upon EMVCos termination of this
agreement under this Section 5.2.2, EMVCo will refund to Service Provider a portion of the
Registration Fees paid by Service Provider proportional to the remaining number of days in the
then-current Initial Term or Renewal Term, as applicable.
Either Party may terminate this Agreement upon fifteen (15) days written notice of a
material breach of this Agreement to the other Party, if such breach is not reasonably cured
within such fifteen (15) day period. Notwithstanding the foregoing, EMVCo may terminate this
Agreement immediately, upon written notice, for breach of Section 4 or 6.
5.3 Survival
The rights and obligations contained in Sections6, 7, 8, 9 and 10 of this Agreement will
survive termination of this Agreement.
Service Provider represents and warrants that (a) it possesses full power and authority to
enter into this Agreement and to perform its obligations hereunder, (b) its performance of the
terms of this Agreement will not breach any separate agreement by which it is bound, and
(c) upon execution, this Agreement will be a legal, valid and binding obligation of Service
Provider.
7. Disclaimer of Warranties
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127376546.3
In addition, Service Provider acknowledges that it has no expectation and has received no
assurances that any investment by Service Provider in a TSP Code will be recovered or
recouped, or that Service Provider will obtain any anticipated amount of revenue or profits by
virtue of this Agreement.
8. Limitation of Liability
8.1 Generally
Service Provider understands and acknowledges that Section 8.1 has been included as a
material inducement for EMVCo to enter into this Agreement, and that EMVCo would not have
entered into this Agreement but for the limitations of liability as set forth in Section 8.1.
9. Indemnification
Service Provider agrees to defend, indemnify and hold harmless EMVCo and its
members and their affiliates against any and all damages, costs, liabilities, expenses and
settlement amounts (including reasonable attorneys fees) incurred in connection with any suit,
claim or action by any third party, except to the extent arising from EMVCos willful
misconduct, arising out of or relating to (a) Service Providers TSP Service; (b) Service
Providers use, distribution or marketing of the TSP Code or a TSP Service; or (c) any claims of
EMVCos implied endorsement or negligent selection or approval of Registrant resulting from
EMVCos issuance of the TSP Code or EMVCos operation of the Registry.
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127376546.3
10. General Provisions
10.2 Amendments
Except as otherwise stated in this Agreement, this Agreement may be amended only in a
writing manually signed by all the Parties.
10.4 Assignment
This Agreement may not be assigned by Service Provider without the prior written
approval of EMVCo, which approval may be withheld by EMVCo for any reason; provided that
no consent is required in the case of Service Providers merger, consolidation, reorganisation,
reincorporation, dissolution or sale of all or substantially all of its assets so long as the surviving
or successor entity specifically assumes all of Service Providers obligations under this
Agreement. EMVCo may freely assign this Agreement without the prior written consent of
Service Provider.
This Agreement will be binding on and inure to the benefit of the Parties and their
respective successors and permitted assigns.
10.6 Notices
Except as otherwise stated in this Agreement, any notices required or permitted by this
Agreement will be in writing and sent by electronic mail to the email address specified below the
receiving Partys signature to this Agreement, or to such other email address as a Party may
specify by sending notice to the other Party in accordance with this sentence.
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127376546.3
10.7 Severability
If any provision of this Agreement or portion thereof should be declared invalid for any
reason, the invalid provision or portion thereof will be deemed omitted and the remaining terms
will nevertheless be carried into effect.
10.8 Waivers
The waiver by either Party of a breach of any provisions contained herein will be in
writing and will in no way be construed as a waiver of any succeeding breach of such provision
or the waiver of the provision itself.
In the event of a dispute between the Parties regarding the enforcement or interpretation
of any terms of this Agreement, the non-prevailing Party will pay the reasonable costs and
attorneys fees of the prevailing Party, including the reasonable costs and attorneys fees incurred
in the appeal of any final or interlocutory judgment.
The rights and remedies provided by this Agreement are cumulative and the use of any
one right or remedy will not preclude or waive the right to use any or all other remedies. These
rights and remedies are given in addition to any other rights the Parties may have by law, statute,
ordinance or otherwise.
This Agreement will be governed by and construed in accordance with the laws of the
state of Delaware, without regard to the choice of law provisions of the state of Delaware or any
other jurisdiction. Each Party to this Agreement consents to the exclusive jurisdiction and venue
of the state and federal courts within the state of Delaware.
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127376546.3
The Parties have executed this EMVCo Token Service Provider Code Registration
Agreement as of the Effective Date.
By:
Name:
Title:
Email for notices: emvcolegal@emvco.com
SERVICE PROVIDER:
By:
Name:
Title:
Email for notices:
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