Plan Would Put a Bank in Every Browser

A group affiliated with the body that maintains Web standards hopes to establish an open standard for transferring money online. If the plan is successful, Web browsers could come with features that make it much easier to buy and sell things or transfer funds over the internet.

Web payments community group, we are working on making financial services a core part of the web and the way that it operates to make it easy for people to exchange value on the Web. The group's intention is to supplant proprietary online payment networks such as PayPal with an open standard.