Wednesday, July 21, 2010

Open Web Payments !

Today we presented our proposal for Open Web Payments and the corresponding Open Stack to implement it and support it in a much easier and extensible way. Obviously as you all know, there are a lot of Payments Providers - from credit card networks & NACHA to Online Wallet/Checkout providers, Social/Virtual/Game currency to frequent flyer/buyer points, mobile payments to offline payments. Unfortunately for a developer integrating with each one of those is a nightmare given the differences in data model, APIs and protocols. Our goals with Open Web Payments effort were to:

1. Provide Consistency APIs across platforms
2. Provide a Single model for authorization, payments and transactions
3. Support both real and virtual currencies
4. Provide a Single, extensible document model

Please review our presentation on slideshare below and please join the google group (http://groups.google.com/group/owp-api) to help in discussing and evolving this proposal as a formal spec, and if possible help in building a few sample reference implementations.

1 comments:

Andreas said...

Great stuff, Praveen! :)
I'm looking forward to seeing OWP evolve as a standard for payments.
I have posted a suggestion regarding gold and other asset classes to the Google Groups thread here: http://groups.google.com/group/owp-api/browse_thread/thread/b95e187b7c908dc7

and I'm looking forward to your comments!

Best,
Andreas