Re: W3C Web Payments Update

Bernard, What sort of respose was there amongst the NACHA participants?

Joseph Potvin
Mobile: 819-593-5983

On Mon, Mar 7, 2016 at 11:33 AM, Bernard Gidon <bgidon@w3.org> wrote:

> Hi,
>
> See below for your information. As you can see a lot of activities in
> progress, on which you could be involved to: Influence, Network, Learn,
> Lead for the* benefits *of your organization
> W3C Web Payments at NACHA Payments Innovation Alliance
>
> 4 March 2016 by Jeff Jaffe <https://www.w3.org/blog/author/jeff/> |
> Posted in: CEO <https://www.w3.org/blog/category/w3cqa-news/ceo/>,
> Conference <https://www.w3.org/blog/category/conference/>, Web payments
> <https://www.w3.org/blog/category/web-payments-2/>
>
> [image: Web Payments icons; shopping basket, padlock, shopping basket on
> handheld device and hand]
> <https://www.w3.org/blog/wp-content/uploads/2016/03/webpayments-icons.png>
>
> Last week I had the pleasure to present our vision of the future of Web
> Payments and e-commerce at the NACHA Payments Innovation Alliance
> <https://allianceexchange.nacha.org/member-events/2016-membermeetings/san-francisco-2016-membership-meeting>
> meeting in San Francisco. This alliance focuses on modernizing payments in
> view of technology trends, standards, and security.
>
> It was a good opportunity to share our vision of web payments with the
> financial services and fintech communities. Here in a nutshell is what I
> told them
> <http://www.w3.org/2016/Talks/jj-nacha-201602/jaffe-nacha-201602.pdf>:
>
>    - The historic dichotomy between the design point of the Web and how
>    it is used by merchants is striking. The Web is user-centric. It is
>    designed to connect humanity to information. e-Commerce has historically
>    been merchant-centric. A merchant makes their product available on their
>    site for a customer to come in and buy.
>    - But e-Commerce has changed. In today’s omni-channel model, the
>    customer is in charge. They receive information from social media and
>    recommendation websites. They combine in-store with on-line; and expect
>    service from laptop and mobile. There are enormous changes and more
>    flexibility in payment methods. Users are looking and finding the best deal
>    and most importantly the best overall experience.
>
> A few blocks away from the NACHA meeting at the Google office, W3C’s Web
> Payments Interest Group <https://www.w3.org/Payments/IG/> and Web
> Payments Working Group <https://www.w3.org/Payments/WG/> were meeting
> face-to-face to discuss how the Web will need to expand to help the
> industry meet these challenges.
>
> The Web Payments Working Group is looking at how to improve the e-Commerce
> user experience by streamlining the checkout process and improving
> security. Ian Jacobs has written a summary
> <https://www.w3.org/blog/wpwg/2016/03/04/fpwd/> of the Working Group’s
> recent discussion and plan to publish a First Public Working Draft in early
> April of what we believe will be transformative new Web technology.
>
> Ultimately, we will need a broad set of offerings. The Interest Group
> discussed a number of topics as fodder for new standardization efforts.
> These included the impact of regulatory changes such as the Payment
> Services Directive (PSD2) in Europe, as well as faster-payments initiatives
> such as those of the US Federal Reserve. The group also discussed use cases
> for “verifiable claims” on the Web, opened a discussion on blockchain and
> the Web, and discussed interoperability with the broader financial services
> ecosystem (e.g., through alignment with ISO20022).
>
> It was great to brainstorm the changing face of e-Commerce with the
> Financial Services industry during the NACHA conference and illustrate how
> the W3C community is addressing the challenge. The net of all of these
> changes is that the underlying payment and e-commerce infrastructure will
> be “web-like”. In addition to connecting humanity to information, we will
> better connect humanity with their economic potential.
>
> Best regards
>
> Bernard
> --
> Bernard Gidon
> EMEA Business Development Leader
>
> [image: W3C]
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