Remote commerce refers to the purchase of goods and services by consumers via applications and browsers on mobile phones, tablets, desktop computers and Internet-connected devices. With SRC EMVCo aims to define a consistent approach to enable the secure transmission and interaction of payment card data among participants.
The goals of EMVCo’s SRC work are to:
• extend the approach to security utilised at the physical point-of-sale to the remote payments environment.• provide integration options for other EMV Specifications, including EMV 3-D Secure and EMV Payment Tokenisation. • reduce the requirement for cardholder data entry by enabling the consistent identification of the consumer, potentially lowering shopping cart abandonment.
The technical framework will be followed by the publication of a detailed specification that defines the protocol and core functions.
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