Web Payments at W3C

Overview to GSMA Web WG

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Brief

History

2010-2014 Web Payments History


What's

Broken

The Web Platform's current failures


  • Credentials - no standardized 3rd party credentials

  • Payment Initiation - no standard way to initiate payment (aka wallet)

  • Digital Receipts - no standard proof-of-purchase mechanism

Why

Care?

Why is identity and payment important?


  • Civic - Strong identity is central to ownership, democracy, privacy, and prosperity.

  • Moral - 2.5 billion adults don't have access to any financial infrastructure. Inequity.

  • Capitalistic - 10 seconds to send an email, 172,800 seconds to send money. The Internet as financial infrastructure will lead to a more agile global economy.

Identity

Goal

Workshop Findings on Identity


Trust

Goal

What is needed for a trustworthy Web?


Initiating

Problem

Offers and Initiating Payment


  • How do most people initiate a payment online?

  • This system was built in 1970s, hasn't changed much since.

  • Need payment initiation standard that can take digitally signed Linked Data offers of sale as input.

  • Proposal: Web Commerce API

Receipts

Problem

Proof of Purchase


  • How do we prove that we've purchased something?

  • Move from pull-based payments to push-based payments.

  • Need digital receipt standard - should be very extensible, based on JSON-LD?

  • Proposal: Web Commerce

Next

Steps

Next 2 months are crucial


Thanks

Learn more...

The End

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