Checkout Conversion

Secure Remote Commerce, Beyond the Buzzword

Commerce changes slowly, then quickly.  Bricks and mortar give way to clicks, and channels blur.

Commerce is now online, and always on.  Standards emerge, too.  One standard emerging is that of Secure Remote Commerce, backed by Visa and Mastercard.

Rambus CTO Chakib Bouda told Karen Webster that big change is coming via Secure Remote Commerce, though it might take a bit of time.

In general, consumers need not enter data again and again at each merchant stop where they conduct commerce.  Eliminate the friction, the philosophy behind SRC holds, and top lines sprout.

Bouda told Webster that merchants have several methods of keeping cards on file, and there is indeed standardization in trying to keep data safe, through PCI DSS (short for Payment Card Industry Data Security Standards).  But the interfaces, the interactions amid web sites and browsers and mobile apps ... well, a fragmented landscape benefits no one.

Said Bouda: “We’ve neglected the browser-based eCommerce, and now people are focusing a lot on it.”   The key is interoperability between players in the ecosystem.   Solve an existing problem of interoperability, for consumers and merchants alike, and top lines grow.

Merchants, too, benefit from standardization. Bouda stated that the entire ecosystem is streamlined in terms of time and money, as SRC remains platform-agnostic.

There are so many buttons, Webster and Bouda agreed in Beyond the Buzzword, that eCommerce can become downright confusing. The ideal situation, said Bouda, is that there should exist a single button or maybe a few buttons.  Those buttons would all be consolidated, via, say a dropdown function, to make it a lot easier for consumers to purchase things online.

Want to find out more about how SRC can change the eCommerce ecosystem and bring about some uniformity to the consumer experience, friction free? Click here to find out about our latest Beyond the Buzzword insights.



The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.