BassPro, Cinemark, JoAnn Fabric and Crafts,
Movember, Papa John’s, Rakuten, Saks Fifth Avenue, SHOP.com and
Tickets.com are among the first merchants to offer consumers new
option to click to pay
Today, American Express, Discover, Mastercard and Visa announced
the arrival of faster, more secure online checkout based on the new
EMV® Secure Remote Commerce (SRC) industry standard, establishing a
simplified way for card payments to be made across web and mobile
sites, mobile apps and connected devices. The networks have tested
SRC technology in market with issuers and merchants. Consumers can
now click to pay at select merchants in the United States this
month, leading up to wide availability in early 2020.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191022005420/en/
Consumers shopping on select can checkout
with confidence when they see a common click to pay button with
American Express, Discover, Mastercard and Visa network logos.
(Graphic: Business Wire)
Payment processors and payment platforms, such as Adyen,
Authorize.Net and CyberSource - Visa solutions, FIS, Global
Payments, Mastercard Payment Gateway Services and Stripe are now
offering click to pay to merchants. The initial focus will be on
converting existing Masterpass and Visa Checkout merchants to click
to pay.
Cinemark, Movember and Rakuten are the first merchants to adopt
click to pay on their websites, with BassPro, JoAnn Fabric and
Crafts, Papa John’s, Saks Fifth Avenue, SHOP.com and
Tickets.com following by the end of 2019. Consumers shopping on
these sites can checkout with confidence when they see a common
click to pay button with network logos.
Currently, ecommerce sites feature a myriad of checkout buttons,
which can be difficult for merchants to manage, and confusing for
consumers. As the prevalence of ecommerce has grown, click to pay
now helps to address an increasing need for a consistent, simple
user experience and stronger protection of payment information
across all types of digital channels and cards.
The new interoperable checkout aims to make the digital payment
experience as secure and simple as possible for everyone involved,
and increase choice for all stakeholders. This standards-based
approach allows consumers to make purchases without having to
create or log into an account. The idea behind this is to mirror
the one, consistent checkout experience that exists in physical
stores – with one terminal and one way to pay irrespective of the
retailer. The vision for the future of digital commerce is that the
new button will replace the current guest checkout process.
For merchants, that means a more efficient checkout solution
that will help reduce shopping cart abandonment rates and a way to
offer multiple card brands for digital checkout in one seamless
integration. For consumers, this means greater consistency and
fewer steps at checkout, regardless of their payment choice, and
the elimination of laborious key-entry of personal account numbers
and information.
“We are always looking for ways to enhance the cinema
experience, and providing a simpler, streamlined checkout for
ticket-buying is a major part of that,” said Doug Fay, chief
technology officer, Cinemark. “We think the added convenience and
security will help build loyalty, grow our business and make for
quicker checkouts, giving moviegoers the most enjoyable experience
possible.”
“Delivering solutions to merchants that enable greater levels of
security and convenience for consumers is essential for enabling
commerce,” says Eddie Alberty, vice president of strategic
partnerships, SHOP.com, “With Secure Remote Commerce, we aim to
offer standards to merchants that reduce friction of guest
checkout.”
About American Express
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com, and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
Linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: charge and credit cards, business credit cards, travel
services, gift cards, prepaid cards, merchant services, Accertify,
InAuth, corporate card, business travel, and corporate
responsibility.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America’s cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposits through its direct banking business. It operates the
Discover Global Network comprised of Discover Network, with
millions of merchant and cash access locations; PULSE, one of the
nation’s leading ATM/debit networks; and Diners Club International,
a global payments network with acceptance around the world. For
more information, visit www.discover.com/company.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
About Visa
Visa Inc. (NYSE: V) is the world’s leader in digital payments.
Our mission is to connect the world through the most innovative,
reliable and secure payment network - enabling individuals,
businesses and economies to thrive. Our advanced global processing
network, VisaNet, provides secure and reliable payments around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company’s relentless focus on innovation is
a catalyst for the rapid growth of digital commerce on any device,
for everyone, everywhere. As the world moves from analog to
digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information,
visit About Visa, visa.com/blog and @VisaNews.
The EMV® SRC payment icon, consisting of a pentagon design
oriented on its side with a stylized depiction of a fast forward
symbol on the right, formed by a continuous line, is a trademark
owned by and used with permission of EMVCo, LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191022005420/en/
American Express Melissa Filipek
melissa.j.filipek@aexp.com 212.640.8658
Mastercard Chaiti Sen chaiti.sen@mastercard.com
914.263.6542
Discover Financial Services Robert Weiss
robertweiss@discover.com 224.405.6304
Visa Sheerin Salimi shesalim@visa.com 415.805.5923
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