- From: Anders Rundgren <anders.rundgren.net@gmail.com>
- Date: Mon, 09 Dec 2013 07:59:50 +0100
- To: Web Payments CG <public-webpayments@w3.org>
I'm probably a conservative old fart but I'm not entirely convinced that the financial industry will buy into any new tech unless it supports their existing payment systems. More than a decade ago, NACHA (an ACH provider) tried to revolutionize the ACH system: http://www.bankersonline.com/ebanking/nacha_action.html It fell hard for reasons like hefty licensing fees, politics, and of course due to the lack of suitable web-technology. >From a WebPayment perspective the position paper seems fine, but as a "Technologist Sans Frontières", I continue my quest for bringing enhanced web platform-level-support to the payment industry, regardless if these guys are betting on BitCoins or are tied to old-fashioned tech like ACH. Although shunned by the WebCrypto WG, I'm confident that they sooner or later will be plotting with schemes that are pretty close to what I propose unless they have an "Ace" in their sleeves which haven't played yet :-) As it looks from my watchtower, the traditional payment industry seems more challenged by super-providers than by decentralized payment networks. The stuff I'm working on is intended making us [technology-wise] less dependent on super-providers which also is quite controversial :-) Anders
Received on Monday, 9 December 2013 07:00:21 UTC