American Express, Discover, Visa and Mastercard have joined forces and started work on an infrastructure that will allow leading e-commerce sites in the US to take payments from users with a single click. Thanks to the shared checkout service, users will no longer have to enter all their card details one by one when paying for purchases.
The payment technology, called Secure Remote Commerce, has successfully completed its tests and is expected to be rolled out on various sites in the US and reach a wide user base in 2020.
The first goal of the project will be to create a common platform by making existing Masterpass and Visa-based merchants work compatibly with different types of payment infrastructures such as Adyen, Authorize.Net and Stripe.
According to the information available, Cinemark, Movember and Rakuten, Bass Pro, JoAnn Fabric and Crafts, Papa John's, Saks Fifth Avenue, Shop.com and Tickets.com will be the first businesses to switch to one-click payment.
With this work, the card companies promise merchants fewer users abandoning their shopping carts and the comfort of seamless digital payments.
What can we say? Every development that makes a positive contribution to end users' advantage and comfort pleases us. Although it is not clear when it will be offered to users in our country, I think it will be made available here soon as well.
