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June 17, 2020

On the wires

EMVCo Publishes Updated Guidelines for Using EMV® Secure Remote Commerce Specifications and Icon

“Technical body EMVCo has confirmed that consumer-facing solutions and programmes based on the EMV® Secure Remote Commerce (SRC) Specifications are to be known as Click to Pay. This universal description enables ease of recognition for consumers, and signals that a consumer can confidently transact through an easy e-checkout, regardless of the payment card, digital channel or device they use.”

June 7, 2019

On the web

On the wires

Mastercard Digital Wellness Program to Enhance Transparency, Security and Choice for Online Shopping

“Mastercard today launched the Mastercard Digital Wellness program, a host of technologies and resources that enable all businesses, especially small and independent merchants, to better serve today’s digital-first consumer. As part of this program, Mastercard will deploy EMVCo’s specification for fast, click-to-pay check-out for digital commerce. The specification replaces laborious key-entry guest check-out with a consistent, simple and secure guest checkout experience, no matter where a consumer shops online, or which device or card they use.”

October 30, 2018

On the web

Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce

Digital Transactions News

“Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year to $385 billion and profits jumped 33% to $1.86 billion.”

October 23, 2018

On the web

As an E-Commerce Payment Spec Goes out for Comment, ‘Commercial Applications’ Could Emerge by Early Spring

Digital Transactions News

“The specification, known as Secure Remote Commerce, has emerged from work by EMVCo, the standards body managed by six global card networks, and is aimed at both simplifying consumer checkouts online and at tightening transaction security with tokenization. After comments have been considered and perhaps implemented, EMVCo will publish the final spec, probably early in 2019, Anil says.”

On the wires

Visa Brings a Simpler, Safer Experience to Digital Payments

“The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay. EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification. Visa now encourages merchants, issuers, acquirer gateways and other interested participants to provide feedback and comment during a 45-day public comment window. Once complete, EMVCo will publish the final specification.”

Creating a Better Digital Checkout Experience

“To enable such a consistent and user-friendly experience, EMVCo on Oct. 19 released a draft version of the technical specification that outlines how card payments can be processed and data exchanged in an SRC transaction. As a member of EMVCo, American Express is participating in the development of these specifications and plans to adopt them to ensure our card members, merchants and bank partners can benefit from SRC solutions that are expected to go live by mid-2019.”

October 19, 2018

On the wires

Discover Supports EMVCo’s Release of EMV® SRC Draft Specification, Welcomes Additional Step to Address Broader Industry Feedback

“Discover today announced its support of EMVCo’s v0.9 release of the EMV [®*] Secure Remote Commerce (SRC) draft specification and emphasized the importance of EMVCo’s additional step to provide an opportunity to all industry stakeholders to comment on the standards before the first complete version is issued in 2019.”

April 19, 2018

On the web

Major card schemes zero in on single ‘buy’ button for online commerce

Finextra

“Major card schemes are rallying around the the new EMVCo Secure Remote Commerce (SRC) framework in a bid to create a ubiquitous online shopping technology standard backed by token-only storage of payment details. Both Visa and Mastercard have set out their plans to support the standard at an industry event in Las vegas. The idea is to replace the myriad multiple steps that consumers must take to purchase online with a consistent one-button checkout experience for any card, no passwords needed.”