Merchants Tokenize – eCom Wallet Challenges

Banks want the ability to provision cards to approved wallets but they don’t have this position in eCom. PayPal, Amazon, ApplePay, have all worked directly with the consumer to have them register their card. This horse has left the gate. 

UPDATE – Nov 29 2022 – Note that I have conflated the relationship between SRC and 3DS 2.0. 3DS 2.0 is the authentication protocol used by SRC. 3DS 2.0 has been widely adopted as a mandatory replacement to 3DS 1.0. Part of the driver for adoption was the EU SCA mandate. SRC has NOT been widely adopted as it is a fairly broken consumer experience at the moment. 

I’m at M2020 today and it has been a “back to normal” fantastic event. Let me put my “merchant hat” on for a story from their perspective.

You need to be logged in to view the rest of the content. Please . Not a Member? Join Us