Credit-Card Companies Expand Online Payment System Worldwide

By Chris Wack

American Express, Discover, Mastercard and Visa said Wednesday they are each beginning technical preparations for global expansion of the Click to Pay online checkout in additional geographies including Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore, United Arab Emirates and the U.K., with others to follow.

Click to Pay, based on the EMV Secure Remote Commerce industry standard, aims to make online checkout simple and secure for consumers across web and mobile sites, mobile apps and connected devices by replacing time-consuming key entry of personal account numbers and information at checkout.

The financial companies said the advanced digital checkout solution will mirror the checkout experience in physical stores, with one terminal to accept all card payments. Consistent with the goal of interoperability, the vision for the future is that Click to Pay will provide consumers a streamlined experience across any digital checkout environment or network.

American Express, Discover, Mastercard and Visa started the digital checkout solution in the U.S. in October 2019.

Write to Chris Wack at [e-mail]

(END) Dow Jones Newswires

July 08, 2020 13:03 ET (17:03 GMT)

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