Enabling secure and innovative payment experiences via payment tokenization
With smartphone adoption and eCommerce growth taking digital payments to the next level, card industry stakeholders are looking to implement frictionless online checkout experiences. The EMV SRC (Secure Remote Commerce) Specification gives the industry the tools to enhance online payment experiences with Click to Pay, the next-generation one-click checkout experience.
Click to Pay will enable the binding of a consumer’s identity with their card and device, permitting a registered user to complete an online payment through a single “Buy Button.”
IDEMIA’s Secure Remote Commerce—SRC Platform supports payment networks in implementing this new EMV SRC Specification. This cloud-based platform provides all the technical foundations needed for the implementation and orchestration of a Click to Pay-ready solution, including profile and lifecycle management, identity checks, and payment initiation. It is also compatible with security methods such as tokenization.
IDEMIA’s Secure Remote Commerce—SRC Platform comes equipped with a set of easy-to-integrate APIs which enable interfacing with different SRC stakeholders such as Payment Service Providers (PSP), SRC Initiators (SRCI), Digital Card Facilitators (DCF), token vaults, as well as onboarding participating issuers (SRCPI).
IDEMIA’s Secure Remote Commerce solution and related services are based on EMV® SRC Specification for interoperable and secure online payments.
Following EMV SRC Specification, the Click to Pay option mitigates fraud with tokenization, cryptography and support of consumer/cardholder verification.
The Secure Remote Commerce solution of IDEMIA includes an easy-to-integrate set of APIs to interface with the different SRC stakeholders and provide Click to Pay services.