Visa Ready Tokenization Program
To gain access to the Visa Ready Tokenization Program documents, complete and submit the online Registration Form and select the "Visa Ready Tokenization Program" registration option. Following Visa's review and approval, Visa will send subscriber logon information for the site.
Note: If your company has an active registration, you do not need to re-register. Please contact firstname.lastname@example.org to request access.
Introduction to Visa Ready Tokenization
Visa has a long history of engaging with third parties to open up the payments ecosystem to users and innovators across the world. Our Visa Direct API program is an example of such broad and borderless collaboration. Keeping with that spirit, we are excited about engaging with both old and new partners on advancing token technology throughout the world.
We recognize that there is a need within the ecosystem for specialty players who can mimic, in the digital world, the services they provide in the physical world. Accordingly, we are creating a program called Visa Ready Tokenization. Through the program, Visa will begin the process of allowing third parties to participate as value-add service providers to enable token transactions and token system participants. These third parties will fill two new roles:
Token Requestor Token Service Providers (“Token Requestor TSPs”) - certified partners connected to Visa, and possibly other networks, that allow organizations interested in developing consumer digital payment solutions (“Token Requestors”) to develop and integrate solutions that use and support Visa payment tokens; Token Requestor TSPs facilitate the provisioning and lifecycle management of Visa payment tokens into token requestor payment applications and consumer devices, including mobile phones, and IOT devices
Issuer Token Service Providers (“Issuer TSPs”) - certified partners connected to Visa, and possibly other networks, that provide solutions to issuing financial institutions (“Issuers”) to facilitate the provisioning, consumer ID&V, token lifecycle management and notifications of Visa payment tokens for Issuers participating in token requestors’ payment services, such as Apple Pay, Samsung Pay and Android Pay
Moving forward, Token Requestors and Issuers can work through these service providers powered by Visa Tokenization Services. Please refer to the Visa Ready Qualified Token Service Provider Directory.
As we think about how best to construct and implement new partnerships in this space, we are carefullyevaluating critical issues such as security, interoperability and scalability. Visa must ensure that the integrity of the system and/or the security safeguards that consumers expect of the Visa brand are not compromised. Visa is not ruling out the possibility of additional types of third party token services in the future and is diligently working to better understand how best to grow the technology for consumers everywhere. We welcome dialogue and engagement with all interested parties in this exciting journey.
Becoming a Token Service Provider
Many parties have already expressed interested in becoming Visa Ready TSPs. However, in practice Visa’s bandwidth to onboard new TSPs is limited. Visa is actively exploring ways to expand its capacity to onboard new TSPs. Initially, however, Visa will be forced to prioritize the onboarding of those parties with the greatest ability to help scale Visa Tokenization Services.
In evaluating this potential, Visa will consider:
Agree to Commercial Terms
- Current partnerships with token requestors or Visa issuers
- Current regional coverage
- Regional market demand for Visa Tokenization Services
- Token Service Provider strategy & specialization
- Prior Visa integration experience
Visa is defining the roles and services provided by Visa Ready Tokenization through the Visa Digital Enablement Program (VDEP). Agreeing to these commercial terms is a prerequisite for any development work to integrate with Visa Token Services. In addition to a master VDEP agreement, specific addendums pertaining to individual roles (e.g. Token Service Provider, Token Requestor, Issuer) are required.
Planning & Development
Once a potential TSP has executed the VDEP master agreement, Visa will provide that entity with technical specifications and documentation related to Visa Token Services. Potential TSPs will then be asked to complete a solution proposal, outlining the specific token services they intend to deliver and their approach. Once and only once the potential TSP has also executed the TSP addendum, Visa will review and assess that solution proposal. Visa will also enable access to a certification/sandbox environment.
Once Visa and a potential TSP are satisfied with their solution, they can begin the qualification process. Depending on the specifics of the solution proposed, a number of evaluations are performed. All TSPs will be evaluated by the functionality of their integration with Visa Token Service APIs. In addition, the security of all TSP solutions will be evaluated by third party labs.
Visa Ready Token Service Provider
After successfully completing all necessary qualifications, the solution may be granted ‘Visa Ready’ status. Visa will provide marketing materials to the Visa Ready Token Service Provider to enable promoting the solution with our partners and clients.