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EMVCo to Host EMV® Secure Remote Commerce Education Session
EMVCo is to deliver an EMV® Secure Remote Commerce (SRC) education session in partnership with the U.S. Payment Forum on Thursday 18 July, 14:15-17:00 at the Atlanta Airport Marriott, USA. The session is open to all interested parties without charge, and is the first public event EMVCo has held since it released the EMV® SRC Specifications earlier this month.
The EMV® SRC Specifications provide a foundation for a consistent, streamlined checkout across a variety of digital channels and devices. EMVCo has also launched a payment icon , which signals EMV SRC availability at participating remote-checkout environments.
Karteek Patel, Chair of EMVCo’s Executive Committee, comments: “Our goal is to create a ‘virtual payment terminal’, which offers the same level of familiarity and confidence across remote-commerce transactions as consumers enjoy today in the physical world. This inclusive education session enables stakeholders to engage with EMVCo, understand our role and learn how this industry-wide initiative supports evolving shopping habits and addresses common challenges.”
During the session, Brian Byrne, EMVCo Director of Operations and Clinton Allen, Chair of EMVCo’s SRC Working Group, will explain how the EMV® SRC Specifications benefit consumers, merchants, card issuers, payment networks and other SRC stakeholders. This includes reducing the need for entering card and shipping information, to simplifying system integration through consistent frameworks and interfaces across the digital commerce environment.
Randy Vanderhoof, Director, U.S. Payments Forum, adds: “The U.S. Payments Forum is the place where the entire payments industry comes together to provide support and implementation guidance for new technologies such as EMV Secure Remote Commerce. This educational workshop complements these efforts, and the Forum encourages its members to take part in this session to build a strong understanding of EMV SRC and the impact it can have on the payments ecosystem in the U.S.”
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