Ian Jacobs
"According to the [Lexis Nexis] data, annual fraud costs reached $32 billion in 2014, a 38 percent increase over 2013"
— pymts.com, February 2015
$32B
⇧ 38%
2014 fraud costs
"Today’s mobile payment market is changing rapidly and is littered with incompatible choices and no clear winners, with diverse players locked in a high stakes battle for consumer relationships."
— McKinsey, Jan. 2014
Streamlined Checkout
Strong Authentication
"W3's simplicity and power make it attractive to a growing number of uses, including group collaboration tools, electronic publishing, remote learning, electronic commerce, banking and the use of intelligent network agents. Underlying these applications is a developing infrastructure of access, security, payment, automatability, and knowledge and data representation and conversion."
—1994 MIT Press Release about creation of W3C
Alibaba | Apple | AT&T | Bloomberg | C-DAC |
CIP | Canton Consulting | Nederlandsche Bank (DNB) | Deutsche Telekom | Digital Bazaar |
ETA | ETRI | US Federal Reserve | FSTC | Gemalto |
GRIN | GROUPE BPCE | GSMA | GS1 | |
Huawei | IBM | Intel | Knowbility | MAG/Walmart |
Microsoft | Mozilla | NACS | Nbreds | NIC.br - Brazil |
Opera Software | Oracle | Orange | Paciello Group | PayGate |
Rabobank Nederland | Ripple | SHIFTMobility | Shimply | SK Telecom |
Standard Treasury | Stripe | Target | Tencent | Verisign |
Viacom | Visa Europe | Worldpay | Yandex |
We do see innovation, but "bolted on" rather than part of the platform
Discussion in Sapporo last week: