Once registered in the wallet, customers can pay immediately with their credit card without entering any further data. This will enable much simpler online transactions, facilitated by Computop transferring card data in the background, while the invoice and shipping address are transferred automatically.
A Visa Token is used to ensure the security of customer data. All card features are encrypted for each transaction and transmitted with a cryptogram. This procedure also impacts positively on the transaction risk analysis, which helps to avoid the inconvenience of separate authentication of the cardholder in accordance with the PSD2 regulation. For retailers the benefit is an increase in conversion rates at the checkout and prevention of purchase cancellations.
Click to Pay with Visa follows the EMVCo Secure Remote Commerce Standard and will, therefore, be open for further international payment options.
Stephan Kück, CEO at Computop, said: "Computop and Visa have been working together intensively for over 20 years to promote debit and credit cards in online commerce. We are delighted to introduce Click to Pay, the most secure and convenient standard of its time, to German e-commerce."
Volker Koppe, Head of Digital, Central Europe at Visa said, "At Visa, we are delighted to have a strong partner like Computop on our side and to work together on innovations to make the payment landscape more digital. With Click to Pay, we are launching a new contemporary product that makes the online payment process simple, seamless and secure. For many retailers, establishing an online presence is a matter of survival at the moment - a simple payment process is an essential factor for a successful purchase."
More information
Computop product page: Click to Pay with Visa
Payment Insights article: Click to Pay - The digital card wallet
About Visa
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, For more information, please visit our website (www.visaeurope.com), the Visa Blog and @VisaNewsEurope.