ClickToPay with Passkeys

Overview

Click to Pay with Passkeys is a simplified and secure online checkout experience developed under the EMV® Secure Remote Commerce (SRC) standard by EMVCo. It aims to streamline card payments by reducing the friction of manual card entry and leveraging tokenization and PASSKEY authentication methods. It is a future-forward approach aligning with the global shift toward passwordless and biometric authentication.

What are Passkeys?

Passkeys are a passwordless authentication method based on the FIDO2/WebAuthn standard. They replace traditional passwords with device biometrics (e.g., fingerprint, facial recognition) or PINs for authentication.

Why Use Passkeys?

  • Enhanced Security: Passkeys use public-private key encryption, minimizing the risk of phishing and brute-force attacks.

  • Frictionless Experience: Reduces checkout time and abandonment rates.

  • Future-Ready: Aligns with global trends toward OTPless authentication.

Note

Juspay offers the V2 version of ClickToPay, providing a seamless and unified experience for users to access their stored cards across multiple networks directly on merchant platforms. This enhanced version ensures a streamlined checkout process and broader compatibility with various card networks.

Benefits of Click to Pay with Passkeys

  1. Enhanced Security: Phishing-resistant and immune to password leaks.

  2. Reduced Friction: Reduces friction by eliminating multiple steps with intuitive biometric authentication

  3. Regulatory Compliance: Meets Strong Customer Authentication (SCA) requirements under PSD2.

  4. Device Agnostic: Passkeys can be used across devices with secure synchronization.

Last updated 1 year ago