In November, the Retail Payments Risk Forum had a meeting in Atlanta, Georgia. This meeting was hosted by the US Federal Reserve Bank, and the W3C Web Payments IG was invited to describe ongoing work for bringing payments to the web. The participants are all well established in greater the payments community.
The Web Payments Activity was represented at the meeting by David Ezell (co-chair of the IG). His introduction highlighted results of the first face-to-face meeting of the IG, held in Santa Clara in October.
See the agenda document for more details on the meeting, as well as the presentation given on behalf of the IG .
The main topic of discussion at the conference was payment tokenization in its various forms. Attendees shared opinions on what efforts they thought were important vs. those that are not so important. There was a lot of debate, and some even stated that payment tokenization is really different from the PAN on current credit and debit cards.
The conference was organized as:
- a keynote address followed by
- two panel discussions and
- a final discussion on virtual currencies.
In between the panel discussion was an interactive session where participants voted on answers to a variety of questions posed by the organizers.
| Question or “Agree/Disagree” Statement | Answer |
| Payment Security is a pressing topic for industry. |
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| Open standards are the best way to address payments. |
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| Apple Pay will have a sizable impact on mobile payment direction. |
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| My company will accept internet payment charges within 5 years. |
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| Card Not Present rates will rise or fall as internet payment schemes are implemented. |
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| What will the state of acceptance for payment schemes be within 10 years? |
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| MSR technology will continue to be widely available |
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| What is the most pressing issue around mobile payments? |
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