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The Future of Retail: Online Checkout

Published by Business Insider on Sun, 04 Apr 2021

<bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>As the growth of e-commerce sales continues to outpace brick-and-mortar, having a seamless online checkout process is more crucial than ever.</p><p><img style="float:right;" src="https://static5.businessinsider.com/image/5e332c2d62fa817a6f006a36-1882/online checkout is inundated with payment options and data entry points.png" border="0" alt="online checkout is inundated with payment options and data entry points" data-mce-source="Business Insider Intelligence"></p><p>Online checkout has become inundated with payment options and data entry points, which leads to poor e-commerce conversion and frequent cart abandons.</p><p>In recent months, one proposed solution has garnered support from major card network rivals Visa, Mastercard, Amex, and Discover. That solution has been dubbed Secure Remote Commerce (SRC).</p><p>SRC is a set of specs that attempts to standardize e-commerce checkout across sites and devices. Instead of having payment information scattered across providers, SRC aims to put the entirety of customers' wallets in one place.</p><p>In&nbsp;The Future of Retail: Online Checkout&nbsp;slide deck, we outline SRC-enabled checkout and explore how the concept could either take off or burn out.</p><p><a href="https://www.businessinsider.com/intelligence/future-of-retail-online-checkout'IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=content_marketing_leadgen_link&amp;itm_content=leadgen_teaser&amp;itm_term=leadgen_teaser-future-of-retail-online-checkout-business-insider&amp;vertical=ecommerce#!/">This exclusive slide deck can be yours for FREE today.</a></p><p><a href="https://www.businessinsider.com/intelligence/future-of-retail-online-checkout'IR=T&itm_source=businessinsider&utm_medium=content_marketing&itm_term=content_marketing_leadgen_text_link_future-of-retail-online-checkout-business-insider&itm_content=leadgen_content_marketing_text_link&itm_campaign=content_marketing_leadgen_link#comments">Join the conversation about this story &#187;</a></p>
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