The FIDO Alliance, EMVCo, and the World Wide Web Consortium (W3C) have formed a new interest group to support security and interoperability of web payments.
The Web Payment Security Interest Group will work to boost compatibility of various technologies by highlighting collaboration areas and flagging gaps between current technical specifications.
At the same time, it aims to establish a foundation for alliance on technical specifications in the future.
The group is said to complement existing specification-level discussions on “EMV Secure Remote Commerce (SRC), EMV 3-D Secure (3DS), FIDO Alliance’s FIDO2 specifications, and W3C’s Web Authentication and Payment Request APIs”.
Priorities of the group include devising a vision to secure web payments, gap assessment, and liaison with other organisations.
The interest group will also focus on developing use cases and identifying standardisation options.
W3C CEO Jeff Jaffe said: “The transformation will continue in unpredictable ways as the web adds new services such as streaming video, real-time communications, and augmented reality.
“This Interest Group will help ensure that new payment models for these services will have security as a fundamental requirement.”
EMVCo chair of the executive committee Karteek Patel added: “This group has been created to better understand and shape the future of secure web-based payments, and ensure alignment on the work of the three technical bodies.”