Mastercard Inc. says it is preparing for a better online payments experience by backing the EMVCo secure remote commerce specification. Visa Inc., too, says it supports the spec.
The specification, announced in November, establishes the technical framework for enabling consumers to use their payment cards across channels more easily than current protocols allow. For example, a consumer could choose to set a tokenized version of her payment card with an eligible merchant though that merchant may not use the current card-on-file system.
“We will use that framework on the Masterpass checkout mechanism,” Jess Turner, Mastercard executive vice president, digital payments and labs for North America and global customer engagement, tells Digital Transactions News. “The framework offers a streamlined customer experience that works across all browsers and devices.”