Payments News

Security

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

“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.”