Credit-Card Companies Expand Online Payment System Worldwide
July 08 2020 - 1:18PM
Dow Jones News
By Chris Wack
American Express, Discover, Mastercard and Visa said Wednesday
they are each beginning technical preparations for global expansion
of the Click to Pay online checkout in additional geographies
including Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait,
Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore,
United Arab Emirates and the U.K., with others to follow.
Click to Pay, based on the EMV Secure Remote Commerce industry
standard, aims to make online checkout simple and secure for
consumers across web and mobile sites, mobile apps and connected
devices by replacing time-consuming key entry of personal account
numbers and information at checkout.
The financial companies said the advanced digital checkout
solution will mirror the checkout experience in physical stores,
with one terminal to accept all card payments. Consistent with the
goal of interoperability, the vision for the future is that Click
to Pay will provide consumers a streamlined experience across any
digital checkout environment or network.
American Express, Discover, Mastercard and Visa started the
digital checkout solution in the U.S. in October 2019.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 08, 2020 13:03 ET (17:03 GMT)
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