KUALA LUMPUR, Oct 19 (Bernama) – EMVCo has published a draft of its EMV® Secure Remote Commerce (SRC) Specification, available for download and open for public comment until December 3.
The global technical body said in a statement, it has decided to release a draft specification, EMV SRC Specification v0.9 before finalising the specification.
The draft will allow as many payment industry participants as possible, including merchants, card issuers and payment networks, the opportunity to review and contribute to v1.0, to be published next year.
The EMV SRC Specification draft provides a foundation that 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.
Chair of EMVCo’s Executive Committee, Stephanie Ericksen said: “Given the high levels of industry interest in the EMV SRC initiative, EMVCo is publishing a draft specification for wider comment before releasing the official 1.0 version.
“This allows us to expand on the feedback received to date from EMVCo Associates and Subscribers on the specification development, to help ensure that the EMV SRC Specification addresses the needs of stakeholders across the industry,” Ericksen added.
EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa which focused on the technical advancement of the EMV Specifications.
Read the draft at https://www.emvco.com/emv-technologies/src/
-- BERNAMA
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