WebAuthn to Pay => The end of PaymentHandler from Anders Rundgren on 2020-08-01 (public-payments-wg@w3.org from August 2020)

From: Anders Rundgren <anders.rundgren.net@gmail.com>
Date: Sat, 1 Aug 2020 08:04:36 +0200
To: Web Payments Working Group <public-payments-wg@w3.org>
Message-ID: <e5bf870f-e901-6d91-8c6a-266475656b47@gmail.com>

If WebAuthn to Pay becomes a reality it probably signals the beginning of the end of the PaymentHandler saga.
The inability of sharing Code, Data and Keys (="wallet") by multiple issuers is a showstopper which the new effort doesn't seem to suffer from.

That is, there will likely be two payment solutions left when the dust finally has settled:
1. Browser-based (built-in)
2. Mobile App-based

Personally I believe banks will go for #2 (most of them have already done this choice), because fixed UIs and security protocols are inflexible and stifles innovation.   Option #2 also extends to other scenarios like PoS terminals.  Using QR the very same mobile app can also be used for desktop Web payments.

Anders

Received on Saturday, 1 August 2020 06:04:53 UTC