W3C Sets Up Web Payments Standards Group to Improve Check-Out Security

campuscodi writes: The World Wide Web Consortium (W3C) launched today the Web Payments Working Group to help streamline the online "check-out" process and make payments easier and more secure on the Web. The proposed standards will support a wide array of existing and future payment methods, including debit, credit, mobile payment systems, escrow, and Bitcoin and other distributed ledger technologies. The group estimates that the new payments API will reach browsers by the end of 2017. For more details, you can consult the Web Payments Working Group Charter, and the group's wiki FAQ page.