[outreach] Key Principles / Desired outcomes…

Hi,

from the agenda we had a strawman set of "features of a successful web payment". I think as a high-level statement of what we are doing as a group, this is a helpful thing to record and use in a document…

[[[
- A fast and significant adoption of the technology (>100M+ in the first two years).
- Level playing field (aka fair competition) for merchants, payment providers, customers, software vendors, and payment networks.
- A great reduction in "stolen card" transaction fraud.
- A great reduction in the amount of custom software that a merchant must write to integrate with new payment products.
- Removal of the need for a merchant to hold on to sensitive customer data.
- Greatly reduced payment provider switching costs for customers and merchants.
]]]

>From the discussion on Monday morning I tried to extract things we should consider adding to that list:

- Does not add (ideally reduces) the time required to make a payment
- Enables value-added services to help payers
- Requires as little new technology and as few standards as possible
- Enables anyone to understand what they are doing (esp. its cost) when they make a payment to another person (or system or company or object)
- Does not interfere with the ability to meet regulatory requirements
- Enables people to "take their money out of the system"
- Can be delegated to an "agent" (device, automated process, etc).

cheers

Chaals

--
Charles McCathie Nevile - web standards - CTO Office, Yandex
chaals@yandex-team.ru - - - Find more at http://yandex.com

Received on Wednesday, 4 February 2015 13:19:03 UTC