The missing link - WAYF

If you want to create a distributed (decentralized) payment system rather than
a yet another PayPal, Apple, Google or Alibaba, there's a fundamental problem
that to date haven't been properly addressed and that is how you can tell the
merchant where your "home-base" (bank, payment provider) is.  You may of
course have several home-bases!

In federation contexts this has often been referred to as the WAYF
(Where Are You From) function:
https://spaces.internet2.edu/display/InCFederation/Discovery+Service+FAQ

The WebPayment CG have come up with a solution to this problem as well:
https://web-payments.org/specs/source/identity-credentials

Personally I'm advocating yet another solution which though requires that you
nuke existing platforms.  This may sound like a horrible idea but NSS which is
the core of Mozilla credentialling system haven't fundamentally changed since it
was introduced back in 1995.  Was federation even generally known at that time?
I don't think so.  Apple did the right thing when they left the old devices behind!

AndersR

Received on Wednesday, 22 October 2014 05:05:03 UTC