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.

——————————

PYMNTS LIVE TV: POWERING THE DIGITAL SHIFT | MAY 18-22, 2020

Five days of intimate interviews and streaming TV shows ‘starring’ the smartest people in payments.
The economy is slowly reopening on a changed world where “business unusual” is now just “business.” Tune in as PYMNTS CEO Karen Webster and special guests from across the payments universe ditch “digital optional” and bring on the digital-first engagements buyers and sellers really want. Join experts in a series of live conversations rethinking business models, customer experiences, payments choice, verticals…everything.

TRENDING RIGHT NOW