Re: Web Payments / Credentials Organizations

On 08/27/2014 10:53 AM, Adrian Hope-Bailie wrote:
> Where does the Open Payments Foundation fit in? Who are they?

A few of the more active people and organizations in this area (Web
Payments and Credentials) noticed a trend about a year ago. There are a
number of organizations that want to see something happen in the Web
Payments space but don't have the technical expertise to build solutions
for whatever technology becomes standardized.

Some of those organizations have funding that they can allocate to
non-profits and were interested in making a monetary contribution to an
organization that was capable of building open source implementations of
the Web Payments technology stack.

So, we incorporated an organization and filed for a 501(c)(3) non-profit
determination request via the US Internal Revenue Service (IRS). The
goal of this organization is to collect funding and distribute it to
people doing open source implementations and standardization work around
the Web Payments and Credentials activity. In short, we wanted to ensure
that instead of the anemic funding environment that surrounds most
standardization (and implementation) initiatives, that we had an
organization that was dedicated to throwing funding at what we're doing

We're still getting The Open Payments Foundation off of the ground, and
it'll be a few months more until we're able to announce anything
definite. We're going to try to run the organization as transparently as
possible, but are still in the process of getting board members
onboarded and funding sorted. We'll announce something more detailed
when we have board-level agreement on how to proceed wrt. transparency
and announcements.

-- manu

Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: The Marathonic Dawn of Web Payments

Received on Tuesday, 9 September 2014 00:00:34 UTC