Pursuant to the terms and conditions of the license

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pursuant to the terms and conditions of the license agreement between the user and EMVCo found at . 3.5 Merchant Merchants will continue to maintain their current role, but depending upon the specific use case, may be the recipient of a Payment Token in lieu of a PAN, such as in a NFC at point of sale use case. Merchants may also be a Token Requestor, such as in a Card-on-file use case. Use cases are defined in subsequent sections of this specification. Merchants will continue to process all transactions in the same manner as they do today, including authorisation and capture, and will need to implement any required or optional data elements as referenced in this specification and any processing requirements established by the Merchant ’s Acquirer or Payment Processor. In use cases where the Merchant is also a Token Requestor, the Merchant will need to accommodate the implementation of Token Service APIs that are referenced in this specification and subsequently implemented by a Token Service Provider as part of its solution. For more information, refer to Section 9 Payment Token Transaction Flows. 3.6 Acquirer Acquirers will process all transactions in the same manner as they do today, including authorisation, capture, clearing, and exception processing. Additional fields may be required to support the specification. 3.7 Payment Network Payment Networks continue in their current role and may additionally perform the Token Service Provider function, including all of the associated roles defined for Token Service Providers within this specification. Payment Networks performing as Token Service Providers are responsible for building and managing their own proprietary Token Requestor APIs, Token Vaults, Token provisioning platforms, and Token registries as outlined in Section 3.2 Token Service Provider. Payment Networks are also responsible for defining and publishing the authorisation, clearing, and exception processing message impacts of their Token Service. Payment Networks that are not Token Service Providers SHOULD support the implementation of processing functions that allow for the exchange of messages with the Token Service Provider for De-Tokenisation purposes to ensure Payment Token Interoperability. 3.8 Token Requestor Payment Token Requestors may be traditional participants within the payments industry or newly emerging participants. Potential Token Requestors include, but are not limited to:
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EMV Payment Tokenisation Specification - Technical Framework 3 Tokenisation Ecosystem Environment v1.0 3.8 Token Requestor March 2014 Page 27 © 2014 EMVCo, LLC (“EMVCo”). All rights reserved. Any and all uses of the EMV Specifications (“Materials”) shall be permitted only pursuant to the terms and conditions of the license agreement between the user and EMVCo found at .
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  • Summer '17
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