That is exciting. Am I to understand that that means that there will be a single API for processing all these different kinds of transactions, including credit and debit card transactions in ecommerce? Or are we still stuck with different APIs for different processors?
One thing that is intriguing is that that page refers to a grants program. That may create an opportunity to improve fraud prevention and gain financial support for developing and deploying it (I know of one option that will make card absent transactions as safe as card present transactions, for both merchant and consumer, but have yet to find the right person within the banking industry in Canada to make it happen - the caveat is it needs the cooperation of all members of the credit card networks, and getting that cooperation may be a problem). What do you know about their anti-fraud practices/recommendations? Cheers Ted
