Payments News

Networks Say SRC Will Go Live Later This Year to Simplify—And Secure—Digital Checkouts

Jun 07, 2019

A standards body controlled by the major card networks released on Friday a long-awaited standard aimed at simplifying and securing consumer checkouts on the Web and in apps.

By mid-morning, American Express Co., Discover Financial Services, and Mastercard Inc. had announced they intend to implement the spec later this year. Visa Inc., which also has been working on the spec, is also expected to adopt it. Mastercard says it will launch the standard late in the third quarter.

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