EMVCo has established a Token Service Provider Code (“TSP Code”), which 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. As long as the TSP Code is issued by EMVCo to Service Provider and the registration has not expired, Service Provider may state to third parties that the TSP Code is “registered” with EMVCo for Service Provider’s TSP Service. Issuance of a TSP Code alone is not sufficient for a Service Provider to provide its TSP Service. The Service Provider should to work with Card Issuers and potentially Payment Networks to ascertain additional program and participation requirements. EMVCo does not evaluate, approve or otherwise endorse TSPs. EMVCo solely maintains a list of TSP Codes.