W3C Media Advisory

W3C Workshop Aims for Web Payment Interoperability

Financial Industry Adopting the Open Web Platform to Improve Customer Choice and Satisfaction, While Easing Burden on Developers and Empowering Providers



http://www.w3.org/ —28 January 2014— W3C invites the financial technology community to attend its Workshop Web Payments: How do you want to pay?, on March 24-25 in Paris, France. W3C Member and non-Member participants will include banks, credit card companies, governments, mobile network operators, payment solution providers, technology companies, retailers, and content creators. W3C’s Workshop goal is to leverage the power of the Web to improve consumer payment choice and satisfaction, while easing the work of web developers to support all current and future payment solutions and empowering payment providers to easily reach across different solutions, devices and platforms.

The global payments landscape today consists of a variety of proprietary payment systems and processes. Until recently, online transactions had to go through a complicated payment authorization and settlement process. New payment applications and consumer devices such as smartphones and tablets are adding to that complexity. Early-mover financial players recognize now is the right time to build a Web-based foundation for payments. The Workshop will convene those already working to decouple, simplify, and enhance payment processes, so new Web interfaces, applications and safeguards can be built and deployed.

Industry Facts and Predictions

Questions Driving the Workshop Agenda

Key Topics

Workshop Specifics

W3C will convene a Web Payments Workshop to discuss opportunities for payment standards on the Open Web Platform.

What

Standards activity is required particularly when payment requests are first made using applications or browsers, and later when buyers and merchants seek proof of payment. Associated standards also will need to be defined that give buyers choice when selecting how they want to pay for any given transaction.

There is no Workshop fee, but interested parties should submit a presentation proposal or statement of interest to the Workshop Program Committee by 8 February. Both W3C Members and non-members are encouraged to submit proposals. Priority will be given to those who will actively participate in driving the development of new standards. Candidates selected by the Committee to attend the Workshop will be notified by mid- March 2014.

Invited Speaker Alexander Gee, Deputy Head of the Payments Unit for the European Commission's DG Competition, will address Workshop attendees.

Who

Workshop Host: ingenico

Workshop Sponsors:

Program Committee Chairs:

Program Committee:

Where

Palais Brongniart (La Bourse), Paris, France

When

24-25 March 2014

Why W3C

Twenty years ago, Web inventor Tim Berners-Lee created the World Wide Web Consortium (W3C) as a forum to steward the development of open technology standards ensuring the long-term growth of the Web. W3C is vendor neutral in its approach and maintains a royalty-free patent policy. W3C activities are conducted open and transparent to the public. In addition, all W3C standards are available free of charge to encourage quick industry adoption. Together, the community is rebuilding the Web into an Open Web Platform for the delivery of services and rich applications across a broad set of industries, including mobile, payments, television, publishing, and transportation.

About the World Wide Web Consortium (W3C)

The World Wide Web Consortium (W3C) is an international consortium where Member organizations, a full-time staff, and the public work together to develop Web standards. W3C primarily pursues its mission through the creation of Web standards and guidelines designed to ensure long-term growth for the Web. The Open Web Platform is a current major focus. Over 375 organizations are Members of the Consortium. W3C is jointly run by the MIT Computer Science and Artificial Intelligence Laboratory (MIT CSAIL) in the USA, the European Research Consortium for Informatics and Mathematics (ERCIM) headquartered in France, Keio University in Japan, and Beihang University in China, and has additional Offices worldwide. For more information see http://www.w3.org/

Media Contact

Ian Jacobs, <w3t-pr@w3.org>, +1.718 260 9447