Web Payments

Building payments and commerce
into the core of the Web

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Intro

Web Payments

What I do

Manu


  • W3C Standards Chair working on:

    • Web Payments (PaySwarm/Bitcoin/Ripple)
    • Global Linked Data (JSON-LD/RDFa)
    • Identity & Security (Secure Messaging)

  • Founder/CEO, Digital Bazaar

  • Financial technology on the Web is broken

Intro

Web Payments

The Problem

Legacy


  • Problem: Sending and receiving money over the Web is proprietary, slow, insecure, and hostile to innovation.

  • 2.4 billion people now use the Web regularly

  • The Standard (1970s tech): Credit cards and bank transfer

Intro

Web Payments

The Real Problem


  • The real problem: Financial sector does not understand the Web, and is not innovating at the same pace as the Web. -- SIBOS 2013

  • ACH and Credit card based systems

  • PayPal, Amazon Payments, Google Wallet

  • Stripe, Square, Paymill, Dwolla

Open

Systems

PaySwarm - The Web Payment Standard

PaySwarm



  • Goal: Integrate value-exchange and payments into the core architecture of the Web

  • Browser-native payments for 2.4B people

  • We need: Universal payment standard for the Web

  • W3C: Open, patent and royalty-free technology

Open

Systems

PaySwarm - The Web Payment Standard

PaySwarm



  • Decentralized identity / deep identity data

  • Cryptography-based / fraud-resistant

  • Decentralized products, transactions, contracts

Open

Systems

PaySwarm - The Web Payment Standard

PaySwarm



  • Extensible, digitally signed receipts

  • Data portability / payment processor agnostic

  • One-click purchases in the browser

  • Works today: PaySwarm, FirefoxOS

The

Who

Who is Involved in Web Payments?


  • Technology: Mozilla, Telefonica, Stripe, et. al.

  • Finance: Bloomberg, large multinational banks, etc.

  • Governments: regulation, policy, taxation

Next

Steps

W3C Web Payments Workshop


  • W3C Web Payments Workshop

  • Paris - end of March 2014

  • Goal: Agree on the basic problems that need to be solved

  • Stretch Goal: See if we can agree on a flexible payments architecture

Act

Now

The Web as a the Global Financial Network


  • The goal: Integrate value-exchange into the core architecture of the Web

  • Help make financial freedom and innovation a reality on the Web

  • Join us here: Web Payments Group @ W3C

  • Pull me aside, introduce yourself!

Thanks

Learn more...

The End

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This slide deck is based on HTML5 Slideshow by Marcin Wichary, Ernest Delgado, Alex Russell, and Brad Neuberg with CSS additions by Matthew Richmond and Manu Sporny.

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