Web Payments

Full Title or Meme

Web Payments as implemented by the W3C and browser manufacturers.

Context

• Payment Request API was originally focused on streamlining checkout ie. extracting money from the user was fast as possible. Security of user assets was not a goal.
• in lat 2020 the focus switched to methods that are of "High Value to the industry", namely low friction user authentication. Security of user assets is still not a goal.
• Open Banking mean which has focused on Secure Customer Authentication, again focusing on the needs of the Financial Sector not on the consumer.

References

• Web payments S4 2020 from W3C WPWG

[[Category: Finance] [[Category: Standard]