EMVCo Statement – EMV® Secure Remote Commerce

EMVCo Statement – EMV^® Secure Remote Commerce There have been a number of recent industry announcements regarding the potential implementation plans of various parties relative to the EMV^®* Secure Remote Commerce (SRC) initiative. In light of these announcements, EMVCo clarifies below the objectives of the EMV SRC framework and specification and the role of EMVCo and the wider payments community in their development. EMV SRC offers an approach to promote security and interoperability within the card payment experience in a remote payment environment. EMVCo has defined a technical framework and will be publishing a specification that enables a merchant to obtain a consistent, secure payload of customer payment information that can be used to facilitate authorisation through existing channels. EMV SRC will be available from EMVCo for any industry participant to adopt on a royalty-free basis for its own remote commerce solutions. The framework and specification:

• Define interfaces to enable secure exchanges of data between participating entities, which include merchants and issuers.
• Outline methods to help protect transactions with dynamic data (for example, the transmission of transaction unique data or a unique cryptogram for each transaction).
• Enable consistent integration of new technologies such as EMV Payment Tokenisation and EMV 3-D Secure.
• Facilitate the delivery of a consistent user experience, indicated by an SRC Mark, which conveys an SRC enabled merchant environment for the consumer. This work is being developed with input from industry participants. EMVCo has an established Associates Programme that is open to industry stakeholders. EMVCo receives input from Associates, at both a technical and business level, to support global interoperability and security. EMVCo encourages new participants who are interested in contributing to the EMV SRC initiative to join the EMVCo Associates Programme or become an EMVCo Subscriber. * 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. © 2018 EMVCo, LLC. All rights reserved.