Secure Remote Commerce: The Next Step

By: Jaromir Divilek, Executive Vice President, American Express

Today, the industry organization EMVCo released its highly anticipated EMV® Secure Remote Commerce (SRC) Specification v1.0¹. SRC is the technical standard that will, for the first time, establish a standardized way for card payments to be made in a secure, convenient and consistent manner across web and mobile sites, mobile apps, and connected devices.

This announcement is important because it is a major step forward in creating a better, industry-wide digital checkout experience that puts Card Member experience and security first. With the new specifications now available, we are in the final stages of making SRC a reality. We are collaborating closely with our partners across the payments ecosystem – third party aggregators, processors, gateways, issuers, and merchants – to enable, adopt, and distribute SRC based on this new specification.

These efforts will help bring the many benefits of SRC to Card Members. Card Members using SRC will no longer have to repeatedly enter their card, shipping, and billing information when making purchases through websites, mobile sites or apps. SRC supports tokenization and introduces dynamic data in each transaction; it also removes the need for merchants and service providers to store sensitive card information.

American Express Cards will be enabled for use in interoperable SRC solutions, including those to be offered by Visa and Mastercard, which have plans to convert their existing checkout buttons to SRC. At launch later this year, SRC will support multiple card brands, including American Express. We believe SRC not only provides a more seamless customer experience, but also an efficient way for payment service providers and merchants to offer multiple card brands for digital checkout with a single integration, and we are working with a wide range partners on this initiative.

SRC is expected to roll out internationally following its introduction in the U.S. We are committed to ensuring American Express Cards around the world are enabled for use in SRC wherever it is offered.

While there is more work to do, we are excited about this next step in the evolution of e-commerce. We believe SRC is the right solution for e-commerce in today’s digital world, and will offer better convenience, consistency, and security as consumers increasingly make purchases through connected devices.

¹ EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

ABOUT AMERICAN EXPRESS

American Express (NYSE: AXP) is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

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