Compelo Banking - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Secure Remote Payment Council Expands Member Network

Secure Remote Payment Council (SRPc), a new trade council dedicated to the growth, development and market adoption of secure eCommerce and mobile payment methods launched earlier this year, has added four new members to its network.

Walmart has joined as a general member and also as a member of the board of directors. eBillme, an online payment solution provider and Net1Virtual Card, a mobile payments solution company have joined as associate members. Blyth, a retailer of home expressions products, has joined as a council member.

The membership in the SRPc is open to any entity that does business in the eCommerce and mobile payments areas including: merchants, financial institutions, merchant processors, issuer processors, payment brand companies, payments authentication hardware providers, payments authentication software providers, and payments consultants.

Other SRPc members include ACCEL/Exchange Network, CardinalCommerce, Chase Paymentech, Heartland Payment Systems, MagTek, Merchant Advisory Group, Shazam, Star Debit and ATM Network, Swacha and Tsys.

Mike Cook, vice president and assistant treasurer of Walmart, said: “Improving the security, safety and convenience of debit payments by consumers in the eCommerce and mobile payments channels is very important to Walmart. The SRPc brings together all of the key stakeholders in one place to work together on solving the equation that will allow secure debit payments to grow. Walmart is pleased to become a part of the leadership of the SRPc.”

Paul Tomasofsky, president of SRPc, said: “The SRPc is honored to add Walmart, eBillme, Blyth and Net1Virtual Card as members. The diversity of our membership sets us apart from other payments focused trade associations and will be a key factor in helping fulfill our mission of facilitating the growth of secure remote payments.”