New eCommerce Payments Trade Group Adds Walmart to Board

April 12, 2010

A recently formed trade association devoted to the “growth, development and market adoption of debit based internet eCommerce” announced last week it has added the world’s largest corporation by revenue as its latest member. Walmart, along with online payment provider eBillme, mobile payments company Net1VirtualCard Inc. and home decorations retailer Blyth Inc., have joined the Secure Remote Payments Council (SRPc) as members. Walmart will also serve on the group’s board of directors. “Improving the security, safety and convenience of debit payments by consumers in the eCommerce and mobile payments channels is very important to Walmart,” said Mike Cook, vice president and assistant treasurer of Walmart. “The Secure Remote Payment Council 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. The Westwood, N.J.-based SRPc launched in January of this year and is hosting its first event this week in Las Vegas.