W3C (World Wide Web Consortium), the regulatory body that oversees the creation of Web standards, has announced plans to set up a special group tasked with the responsibility of putting together a standardized API that will simplify the payment and check-out process, but also improve its overall security.
The announcement was made last Wednesday and is an indirect response to the increased number of threats targeting the e-commerce and e-payments field, either through banking trojans or through the exploitation of classic vulnerabilities that lead to data breaches.
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