| The main goal of this activity is to explore how the Web could ease payments through Web technologies for users (payers) and merchants (payees), and how to establish a common ground for payment service providers on the Web Platform, with a view to identifying work items either in the form of new W3C Working Groups, or specific work that should be done in existing Working Groups.
Payment is an essential element of trade and commerce, and the explosion of e-commerce in the last two decades has led to sales on the Web topping $1 trillion in 2012 . However, behind these impressive numbers, the payment landscape is quickly changing, and new challenges are appearing. For instance, the average shopping cart abandonment rate is 72% across all devices, and 97% on mobile. A variety of factors are limiting the potential of ecommerce, from the high level fraud related to credit card payments, to the fragmentation of payment solutions available on the Web but not available on all merchant sites or on all devices.
In order ot address this issue, and for greater interoperability in the area of payments, the vision behind this activity is to enable:
This activity is under review by AC.
The IG is planned to be launched around September 2014 and is planning to have its first F2F meeting during TPAC 2014.
| Group | Chair | Team Contact | Charter |
|---|---|---|---|
| Web
Payments Interest Group (No participant as the group is under AC review) |
TBD | Stephane Boyera | Charter under AC review |
This Activity Statement was prepared for AC 2014 per section 5 of the W3C Process Document. Generated from group data.
Stephane Boyera, Web Payments LeadModified: $Date: 2014/10/07 14:19:00 $