Industry Awaits New EMV E-Commerce Specs With Bated Breath

Industry figures are anticipating major steps forward in combating payment fraud following the initial release of EMVCo’s new specifications for e-commerce transactions, as senior representatives urge interested parties to have their say.

Released last week, EMVCo’s draft of its new secure remote commerce (SRC) specifications is designed to attach more and richer data to transactions conducted in an e-commerce context, enabling issuers to better identify when such payment attempts are illegitimate.

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