Re: Credit-card payments on the Web - Stuck in its 1998 form

On 2013-10-06 10:33, Melvin Carvalho wrote:
> 
> 
> 
> On 5 October 2013 08:10, Anders Rundgren <anders.rundgren.net@gmail.com <mailto:anders.rundgren.net@gmail.com>> wrote:
> 
>     Credit-card payments on the web haven't taken a single security-related step forward
>     since 1998 when 3D secure was conceived.
> 
>     How come?  There's no suitable web technology available for this purpose and
>     banks do not build browsers.  In addition, banks do not contribute to standardization
>     in open forums or to open source projects.
> 
>     Can W3C do something here?  I don't think because there is too much tension
>     regarding payments.  What is (at least theoretically...) possible is creating neutral
>     web technology allowing banks to build their own payment systems.
> 
>     What's completely missing are requirements.  However, AFAIK you are not allowed
>     to mention possible requirements in public forums if you are working for a major
>     US tech company due to IPR and product considerations.
> 
>     How are you supposed to break the ice?
> 
> 
> 2013 Amsterdam. Tony Gallippi, BitPay [video]

> ‘Credit cards were never designed for the internet.

Exactly.

And browser's were not designed for performing secure transactions either.

That is, there is no foundation for payment standards in this space
unless you have some 10 years or so to spend.


> Bitcoin is the solution’
> 
> http://www.youtube.com/watch?v=xErcjeDhTdQ
>

After watching the video, my sole question is (note: I'm ignorant when it
comes to Bitcoins...) what's missing and needing standardizing?

Cheers
Anders

> 
> 
>     Anders
> 
>

Received on Sunday, 6 October 2013 20:03:20 UTC