A: EMVCo defines the Technical Framework to generate, deploy and handle Fee Tokens in a dependable and interoperable manner globally at the point of acceptance. The intention is to supply a degree of commonality across the payment ecosystem to assist adoption while enabling ranges of differentiation that promote innovation. This is achieved while maintaining compatibility with the prevailing fee infrastructure and site – wiki.revolutionot.com, providing the potential for increased security by limiting the chance typically related to compromised, unauthorised or fraudulent use of PANs.
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How are tokens generated?To generate a cost token, a quantity is created that’s uniquely linked to that account. While commonplace tokens are generated algorithmically at the point of sale for a transaction, community generation is where an issuing bank generates a token and associates it with a particular account.