EMV SRC Enables Agentic Guest Checkout
EMVCo's EMV Secure Remote Commerce (SRC) 1.5 specification, detailed earlier this month, introduces passkeys and automation that enable secure, device-agnostic guest checkout for agentic transactions. PYMNTS Intelligence and Mastercard data show merchants cite checkout friction—60% report at least one UX problem and 36% report cart abandonment—indicating SRC 1.5 could reduce friction while preserving network control and issuer visibility.
Key Points
- 1Introduces passkeys and automation enabling tokenized, device-agnostic guest checkout flows at scale.
- 2Reduces friction and fraud by combining network tokenization, FIDO passkeys, and cryptographic binding.
- 3Allows AI agents to authenticate and complete payments without wallets, preserving banks' network control.
Scoring Rationale
Official EMVCo specification and clear industry implications drive score, while changes are incremental rather than transformative for broader commerce.
Sources
Public references used for this report.
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