Sibos 2017: Tim Berners-Lee pitches W3C payments APIs

Sibos 2017: Tim Berners-Lee pitches W3C payments APIs

Sir Tim Berners-Lee used his appearance at Sibos this morning to pitch the World Wide Web Consortium's efforts to streamline the online checkout experience and make payments more secure.

First unveiled two years ago, the W3C's payments initiative is pushing a set of standardised APIs that allow users to register payment instruments and select the right payment type through the browser, making payments easier to manage, particularly on mobile devices.

While there are numerous efforts underway to improve the online payments experience, W3C is using its unique status as the Web's main international standards organisation, as well as founder Berners-Lee's clout, to push its browser-centric answer.

All major browsers are now implementing the Payment Request API, which should help merchants streamline their checkout pages to make it easy for customers to pay - whether by card, mobile app or bitcoin.

Speaking in Toronto, Berners-Lee gave an apologetic plug for the project, talking up the value of a consistent experience for customers and of the trust that an agent such as Chrome has among users.

In a recent Finextra blog, TD Bank's Milos Dunjic gave the W3C effort a rave review, raising the possibility that it could kill off the unloved 3D Secure framework and even the digital wallet era.

Comments: (1)

A Finextra member
A Finextra member 18 October, 2017, 08:04Be the first to give this comment the thumbs up 0 likes

The 'Unloved 3D Secure Framework' has provided sterling service for a number of years, bearing in mind it was rushed into service as a stop gap technology in the early days of the internet. As a basic infrastructure it has been complemented by solutions such as CA risk analytics, intelligently implemented by Banks such as HSBC/First Direct  and RBS.   I would be cautious about killing 3DS off too quickly (baby and bathwater springs to mind) as many countries have intelligently adopted 3DS as part of a layered counter-fraud strategy. A Strategy that does not rely on telling the customer every time an online transaction happens!

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