The Web Payments Community Group

Pre-standardization work

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WP

CG

What is the Web Payments CG?


  • Pre-standards payment technology community

  • 184 members, international and cross-domain

  • Incubator for tech w/ standards-potential (unofficial)

  • Open, inclusive, and transparent

  • Discussion, Use Cases, Requirements, Specs

Collaborators

Where is active collaboration happening?

Brief

History

2010-2014 Web Payments History



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

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.

Use

Cases

Focus and priorities?


  • 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

What do you need for a "digital wallet"?

WPCG ->

<- WPIG

WPCG will support WPIG



  • Web Payments CG will provide input use cases, roadmaps, and technology to WPIG for consideration

  • Web Payments CG will continue to experiment with pre-standardization payment technology

  • Web Payments CG will continue to perform outreach and collect review input for WPIG consideration

Questions?

Choose your own adventure...



Thanks

Learn more...

The End

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