It’s coming! Google is connecting Touch ID on a future desktop version of Chrome to EMV 3D Secure e-commerce transactions. The role Stripe plays in this enhancement is unclear. Here’s more coverage from a Digital Information World article:
“Another update is coming to Google too, and it’s one that could truly change the eCommerce game quite a bit. In collaboration with payment processing platform Stripe, Google will soon be adding an option to pay via Touch ID on the desktop version of Chrome. This will be a more convenient and faster alternative to putting in one’s CVV.
Users that make a purchase through Chrome would receive a prompt suggesting that they add their credit cards and make them accessible via Touch ID. The authentication used to ensure that users would be able to make secure payments is 3D Secure 2.0 authentication, and Google’s WebAuthn will also be used to keep payments secure.
This can greatly simplify the online payment process for the average user. This can very likely lead to a higher volume of sales, something that the entire eCommerce industry would benefit from. Everyone from eBay shop owners to Amazon itself will probably earn a lot more money thanks to payments being made so simple. However, this update is yet to be rolled out. It remains to be seen whether there would be any problems that would prevent this feature from being truly useful.”
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group
