Steering I've been in discussions with a community effort that aims to create portability of information amongst payment gateways.
The problem is that companies like Paypal lock merchants in. As an example of the problem, Netflix will use a payment gateway to accept your credit card...if Netflix doesn't like Paypal anymore and wants to use one of their competitors, it requires them to re-ask consumers for their credit card number. This effort is about creating portability among payment gateways, so that consumers don't have to renter their details with vendor that they've already got a relationship with. I'm going to propose 1) Steering accepts this group as an official working group of the DataPortability Project. They will transfer their IP and assets of the effort under the DataPortability Project's umbrella, and in return, we will officially support them with all of our efforts 2) The Portability Policy working group - pending acceptance from Steering - is to incorporate credit card portability questions into the portability policy. Elias Bizannes http://eliasbizannes.com ---------- Forwarded message ---------- From: Bryan Johnson <[email protected]> Date: Wed, Apr 28, 2010 at 10:29 AM Subject: credit card data portability standard To: Elias Bizannes <[email protected]> Elias, Thanks again for your time today. Here are the information I've been sending out: We announced a new Credit Card Data Portability Standard this last week. We created it to eliminate vendor lock-in with payment providers storing a merchant's credit card data and then refusing to release it if a merchant chooses to work with a different provider. It's a similar problem to when a person couldn't port their phone number prior to the 1996 Telecommunications Act. It's a huge problem in the industry primarily because merchants are unaware their data is being held hostage. Our blog post<http://www.braintreepaymentsolutions.com/blog/data-portability>(with video) Press release<http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100331006011&newsLang=en> Our portability terms and conditions<http://www.braintreepaymentsolutions.com/data-portability-policy>(as an example) http://www.portabilitystandard.org/ Bryan Johnson Braintree (630) 540-1006 x104 (847) 890-6644 - fax [email protected] -- You received this message because you are subscribed to the Google Groups "DataPortability.Public.General" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/dataportability-public?hl=en For additional information, please visit: http://www.dataportability.org/
