The entity _________ tokenizes the actual card credentials and de-tokenizes them whenever required is known as TSP.

A) Token Service Provider
B) Token System Protocol
C) Token Solution Provider
D) Token Serving Platform

Explanation:

Token Service Provider (TSP) refers to the entity which tokenizes the actual card credentials and de-tokenizes them whenever required. Earlier only card networks (like VISA, MasterCard) were allowed to act as TSPs.  So now banks can act as TSPs.