Press release

EMVCo Publishes EMV® Secure Remote Commerce (SRC) Specification v1.0 and Payment Icon

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EMVCo has released EMV®
Secure Remote Commerce (SRC) Specification v1.0
, which is available
for free public download from the EMVCo website. The specification
provides a foundation that will enable the processing of e-commerce
transactions in a consistent, streamlined fashion across a variety of
digital channels and devices, including smartphones, tablets, PCs and
other connected devices.

This press release features multimedia. View the full release here:

The publication of EMV SRC v1.0 follows a public consultation period on
the draft specification in Q4 2018, which allowed as many payment
industry participants as possible, including merchants, card issuers and
payment networks, the opportunity to review and contribute.

In parallel, EMVCo has launched a new payment icon that offers a
consistent visual element which will signal that EMV SRC is being used
as a foundation to process card-based payment transactions in
remote-checkout environments, including websites and apps. The icon will
become a trusted, easy-to-recognise visual symbol which conveys to
consumers that they can expect an easy, smart checkout wherever it
appears, regardless of which payment card or channel they use.

Karteek Patel, Chair of EMVCo’s Executive Committee, comments: “The
continued growth of global e-commerce requires reinforcing consumer
convenience and confidence in payments. EMV SRC can deliver this while
supporting the evolving habits of consumers as they migrate their
shopping to PCs/ laptops, mobile devices and other connected devices of
the present and future. The initial EMV SRC Specification enables the
creation of a virtual payment terminal and is the first step in the
journey to deliver the same confidence consumers all around the world
have come to expect from EMV through their experience with EMV chip,
contactless and QR codes.”

Consumers, merchants, card issuers, payment networks and other
stakeholders may benefit from the SRC ecosystem. Consumers will be
provided with a more consistent purchase experience. The reduced need
for entering card and shipping information has the potential to lower
shopping cart abandonment for merchants. SRC participants can also
benefit from a simplified integration, thanks to a consistent framework
and interfaces across the digital commerce environment.

EMV SRC is compatible with other technologies such as EMV Payment
Tokenisation and EMV 3-D Secure.

Together with the launch of the payment icon, EMVCo has also released
the corresponding Trademark Licensing Agreement and the Reproduction
Requirements documentation for the use of the icon and call-to-action
across remote-commerce environments. The icon and accompanying documents
are available from the EMVCo
for royalty-free usage.

– ENDS –

Notes to Editors:

EMV® is a registered trademark in the U.S. and other
countries and an unregistered trademark elsewhere. EMV and the payment
icon are trademarks owned by EMVCo, LLC.

For more information on the payment icon, EMV SRC technology or how to
participate in EMV initiatives through the EMVCo Associates Programme,
please visit the EMVCo

For a high-resolution version of the payment icon, for publication
purposes, please email requests to

About EMVCo:

EMVCo is the global technical body that facilitates the worldwide
interoperability and acceptance of secure payment transactions by
managing and evolving the EMV Specifications and related testing
processes. EMV is a technology toolbox that enables globally
interoperable secure payments across face-to-face and remote
environments. Adoption of EMV Specifications and associated approval and
certification processes promotes a unified international payments
framework, which supports an advancing range of payment methods,
technologies and acceptance environments. The specifications are
available royalty free, designed to be flexible, and can be adapted
regionally to meet national payment requirements and accommodate local

EMVCo is collectively owned by American Express, Discover, JCB,
Mastercard, UnionPay and Visa, and focuses on the technical advancement
of the EMV Specifications. To provide all payment stakeholders with a
platform to engage in its strategic and technical direction, EMVCo
operates an Associates
and encourages all interested parties to get involved.

for further information and join EMVCo on LinkedIn.