| The main goal of this activity is to explore how the Web could ease payments on the Web 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 to address this issue, and for greater interoperability in the area of payments, the vision behind this activity is to enable:
The Web Payments Interest Group published a First Public Working Draft of the Web Payments Use Cases 1.0a> in April 2015. Learn more about other deliverables in development.
For more news, please see the Interest Group home page.
The group holds a face-to-face meeting in June 2015. The primary goals of the meeting are to prepare materials to launch standardization activities in Q4 2015. The group also plans to meet during TPAC 2015.
| Group | Chair | Team Contact | Charter |
|---|---|---|---|
| Web Payments Interest Group (participants) | Eric Anderson, David Ezell | Ian Jacobs | Chartered until 30 September 2017 |
This Activity Statement was prepared for AC 2014 per section 5 of the W3C Process Document. Generated from group data.
Ian Jacobs, Web Payments LeadModified: $Date: 2015/05/26 02:24:09 $