Visa aims to help simplify and secure digital payments with the Visa Digital Commerce Program (DCP). Visa DCP is comprised of solutions that address core digital payment types, including unique transactions, stored card, and recurring payments. Solutions include Visa Secure Remote Commerce (Visa SRC) and Visa Token Service (VTS) for card-not-present transactions, as well as accompanying value-added services.
Visa Secure Remote Commerce: Visa's implementation of EMV® Secure Remote Commerce standard, Visa SRC aims to provide a simple and secure card payment experience by optimizing the collection of payment details from consumers where a stored card is not being used for the digital transaction. Visa SRC transactions can benefit from the security of the Visa Token Service, and together these services form the foundation of Visa's new digital payment experience
Visa Token Service Card on File: Visa Token Service offers another layer of security by replacing sensitive cardholder information, such as personal account numbers and expiration dates, with a unique digital identifier (a "token") that can be used for payment without exposing a cardholder's more sensitive account information.
EMV® is a registered trademark in the U.S.and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.
Based on the EMV SRC Specification, Visa DCP aims to enable consumers to access their cards through a simple, password-less experience that is consistent across participating merchants.
Based on early trials, conversion for password-less experiences in VDCP could be as high as 92 - 94%
Anticipate faster, more secure transactions with the removal of PAN key entry and storage, replaced by tokenized solution Consumer credentials are stored securely and ready to pay conveniently when they need them.
EMV common mark for SRC transactions and card art builds consumer trust in digital transactions.
Card credentials will update automatically, where stored with merchants who sign up for Lifecycle Management.
Provide merchants and their consumers with optimized card payment experiences across digital commerce.
Increase platform security with network tokens and removal of PAN key entry.
Combat fraud in eCommerce, leveraging device-binding & consumer authentication.
Show support for digital payment standards.
Utilize Visa support for seamless integration.
Improved conversion rates: simplifies card-based payments online, eliminating reducing friction for consumers, which can improve conversion rates.
Increased sales: network tokenization supports higher authorization rates with dynamic data, lifecycle management to reduce expired credentials, and value-added services.
Increase security: replacing PAN entry & storage with network tokens increases protection from data breach exposure.
Support standards based integrations & reduced fraud.