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Web Payments Telecon Minutes for 2014-11-12

From: <msporny@digitalbazaar.com>
Date: Wed, 12 Nov 2014 11:01:48 -0500
Message-Id: <1415808108367.0.7660@zoe>
To: Web Payments CG <public-webpayments@w3.org>
Thanks to Manu Sporny and David I. Lehn for scribing this week! The minutes
for this week's Web Payments telecon are now available:

https://web-payments.org/minutes/2014-11-12/

Full text of the discussion follows for W3C archival purposes.
Audio from the meeting is available as well (link provided below).

----------------------------------------------------------------
Web Payments Community Group Telecon Minutes for 2014-11-12

Agenda:
  http://lists.w3.org/Archives/Public/public-webpayments/2014Nov/0050.html
Topics:
  1. Financial Innovation Forum 2014
  2. W3C TPAC Web Payments Face-to-face Review
  3. W3C TPAC Hallway Discussion
Chair:
  Manu Sporny
Scribe:
  Manu Sporny and David I. Lehn
Present:
  Manu Sporny, Pindar Wong, David I. Lehn
Audio:
  https://web-payments.org/minutes/2014-11-12/audio.ogg

Manu Sporny is scribing.
Manu Sporny:  Any changes to the Agenda?
Pindar Wong: Add FIF 2014 to agenda

Topic: Financial Innovation Forum 2014

Pindar Wong:  About 200 people attended, insurance companies in 
  addition to banks there - good discussion about Apple Pay, lot of 
  interest in tokenization in general. I found that quite 
  surprising.
Pindar Wong:  Provided an update from last year - remarked about 
  formal formation of IG.
Pindar Wong:  I circulated the slides to the list - I want to 
  push more non-traditional players to join W3C. I have a meeting 
  w/ one of the major Credit Card companies to talk w/ them. I need 
  to chat with someone offline to get these organizations 
  integrated into the work.
Pindar Wong:  There was almost no time for Q/A - it took me about 
  45 minutes to leave conference venue due to corridor discussion - 
  so that's great. Rushed timeframe for 2017 - not to be confused 
  w/ press release that went out. I'm going to be a regular fixture 
  at this event. Insurance companies in the mix was notable.
Manu Sporny:  Were there people from last year that wanted to 
  participate more?
Pindar Wong:  If you recall, we now know CTO for New York City - 
  was at UBS last year and she followed up recently, so this event 
  has resulted in net gains for the Web Payments work. No one 
  introduced themselves as having followed the work. I didn't get a 
  sense that we had the same group of people. I think the notable 
  difference was the arrival of the tech community was good. 
Pindar Wong:  It was hypothetical last year, having Apple do what 
  they did was a good wake up call. That said, corridor discussion 
  - we have very convenience NFC payment systems in Hong Kong. 
  Value proposition for Apple Pay was not clear - we already have 
  great NFC payment mechanisms. Value proposition for developing 
  economies may be better than developed ones. 
Pindar Wong:  Apple Pay trajectory was not clear. It was also not 
  clear if the transaction fee approach would fly in Asia. 
Pindar Wong:  Interesting thing as compared to Money 20/20 - 
  cryptocurrencies raised half-way through the day, would've 
  thought it would've occurred earlier. Blockchain technical 
  element isn't in the general awareness, I found it quite 
  surprising. Those are my take-away points. Maybe next year 
  Blockchain will be more visible. Maybe around companies like 
  Apple. Visa was there, presented their tokenization work. All in 
  all, it was good, good to have a variety of non-bank players. 
  Clearly, there were a lot of banks.
Pindar Wong:  Clear focus on security, not clear on what HTTP/2 
  will change wrt. security landscape. Performance existing 
  infrastrcutures would be impacted... F5 was there talking about 
  their security solutions. The widespread use of encryption, 
  people are still metering out what the tactical impact will be.

Topic: W3C TPAC Web Payments Face-to-face Review

David I. Lehn is scribing.
Manu Sporny: http://www.w3.org/2014/10/f2f-wpay-minutes.html
Manu Sporny:  Minutes are out, web payments IG face to face 
  meeting went very well
Manu Sporny:  Expecting small crowd, but we filled room to 
  capacity. About 35-48 people throughout both days, many of them 
  very new to the work. Some participants from Web Payments CG were 
  also there.
Manu Sporny:  Had a lot of interesting organizations there.  US 
  Federal Reserve had 3 people, Rabobank there, Verisign, Verizon, 
  GSM association, internet socity, bloomburg, nacs, walmart, 
  target, and more... major players in the space.
Manu Sporny:  All large players from different verticals.
Manu Sporny:  People from mobile, government, education, 
  standards organizations, browser vendor opera, paypal
Manu Sporny:  Only about 10 organizations have been participating 
  in CG.  Large organizations may be more careful with 
  participation.
Manu Sporny:  We started out the day by going over the Web 
  Payments IG charter: 
  http://www.w3.org/2014/04/payments/webpayments_charter.html
Manu Sporny:  We then had presentations from various W3C groups 
  including Web Payments CG, Credentials CG, NFC WG, WebAppsSec WG, 
  WebCrypto WG, etc.
Manu Sporny:  We also had presentation on various ISO and 
  financial industry standards from X9.  
Manu Sporny:  During the last part of the day, we broke out into 
  wallet discussion, which gave everyone an idea on what Deutche 
  Telekom research had been doing wrt. Wallets and standardization. 
  That discussion was a bit problematic because it focused on the 
  wrong layer of abstraction. That became clear by the second day.
Manu Sporny:  So, the group decided to change the "wallet" 
  concept into more of a "payment agent" idea. Remember that "User 
  Agent" is basically a browser on the Web, and it has a number of 
  features that are expected of clients trying to communicate via 
  the Web. We're applying the same general approach to payments. 
  This approach has served the Web well over the past 25 years.
Manu Sporny:  During the afternoon on the second day, the group 
  was attempting to figure out how to have the discussion around a 
  payment agent - and the Web Payments CG use cases became the 
  natural place to start. We tried going over the for 15 minutes, 
  and then dove deeper for an hour and a half. It generated really 
  good discussion and there was a lot of agreement w/ that general 
  approach and some of the basic concepts. The Web Payments CG use 
  cases have been preliminarily integrated into the Web Payments IG 
  use case list here: 
  http://www.w3.org/Payments/IG/wiki/Use_Cases_Task_Force#Community_Group_Use_Cases
Pindar Wong: Good that the Web Payments CG use cases were 
  discussed.
Manu Sporny:  We also brought in a number of use cases from X9, 
  etc.
Manu Sporny:  We finished off the afternoon by talking about task 
  forces, telecon times, and general administrivia wrt. where does 
  the IG go from here.
Manu Sporny:  The IG wanted weekly meetings, problems with 
  worldwide group and finding good telecon times.
Manu Sporny:  Group met for the first time last week, the minutes 
  from that meeting haven't been approved yet.

Topic: W3C TPAC Hallway Discussion

Manu Sporny: See the Open Credentials meeting from yesterday: 
  http://opencreds.org/minutes/2014-11-11/
Manu Sporny:  Credential CG had face to face meeting.  had mix 
  from web payments cg, ig, and credentials people, great 
  cross-pollination.
Manu Sporny:  People interested in work on related tech (graph 
  normalization, http signatures, etc), so that work might be 
  moving forward faster than we had anticipated.
Manu Sporny:  There is interest from the Social Web WG, Web 
  Annotations WG, and Data Activity in general around two of the 
  specs that are being incubated in this group: RDF Graph 
  Normalization and Secure Messaging. This is really great news as 
  we were concerned about those specs finding a home at W3C.
Manu Sporny: Any questions on W3C TPAC meeting? If not, we'll end 
  the call for today.
Pindar Wong: No ... thanks you've covered most of it
Pindar Wong: Thanks for the update
Received on Wednesday, 12 November 2014 16:02:17 UTC

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