KUALA LUMPUR, June 7 (Bernama) -- EMVCo has released EMV® Secure Remote Commerce (SRC) Specification v1.0, available for free public download from the EMVCo website.
The specification provides a foundation to enable the processing of e-commerce transactions in a consistent, streamlined fashion across a variety of digital channels and devices, including smartphones, tablets, PCs and other connected devices.
In parallel, EMVCo has launched a new payment icon that offers a consistent visual element which will signal that EMV SRC is being used as a foundation to process card-based payment transactions in remote-checkout environments, including websites and apps.
The icon will become a trusted, easy-to-recognise visual symbol which conveys to consumers that they can expect an easy, smart checkout wherever it appears, regardless of which payment card or channel they use.
Consumers, merchants, card issuers, payment networks and other stakeholders may benefit from the SRC ecosystem.
Consumers will be provided with a more consistent purchase experience. The reduced need for entering card and shipping information has the potential to lower shopping cart abandonment for merchants.
EMV SRC is compatible with other technologies such as EMV Payment Tokenisation and EMV 3-D Secure.
-- BERNAMA
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