Web Payments Work In Various W3C Groups

What you need to know

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What's

Broken

The Web Platform's current failures


  • Credentials - no standardized, verifiable 3rd party credentials

  • Payment Initiation - no standard way to initiate payments

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

  • What constitutes a "Digital Wallet"?

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.

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

Collaborators

Where is active collaboration happening?

Payments

IG

What is the Web Payments IG?


  • Part of the official W3C Web Payments Activity

  • Identify payment gaps in Web Platform

  • Document use cases, requirements, roadmap

  • Suggest technical work that is needed

  • Coordinate work across standards bodies

W3C TPAC

F2F

Outcomes of the TPAC Face-to-Face


  • 40+ organizations from finance, education, government

  • Web Payments IG, Web Payments CG, and Credentials CG participated

  • Discussion around existing technology, "digital wallets", coordination

  • Future plans for telecons, use cases, roadmap document

Payments

CG

What is the Web Payments CG?


  • Unofficial incubator for tech w/ standards-potential

  • Pre-standards technology community

  • 184 members, international and cross-domain

  • Open, inclusive, and transparent

  • Discussion, Use Cases, Requirements, Specs

Use

Cases

Proposed by Web Payments CG


  • Web Payments CG Use Cases

  • Design Criteria: Support existing payment instruments, emerging instruments, digital/physical receipts, smart contracts, etc.

  • Use Cases: push-payments, subscriptions, digital receipts, pseudo-anonymity, wallet portability, account portability, etc.

Tech

Stack?

Proposed by Web Payments CG

Thanks

Learn more...

The End

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