Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
PayPal set to become global payment platform Open to third-party developers
Posted on 24-Jul-2009 11:31. | Tags Filed under: News.


PayPal set to become global payment platform Open to third-party developers
PayPal has announced plans to open its payment platform to third-party developers with the release of new APIs (Application Programming Interfaces) that allow developers to embed PayPal's secure global payment system into their applications and platforms.

In opening up the PayPal platform, developers can now create new ways to send and receive payments for services beyond traditional e-commerce. According to a recent McKinsey report, the global payments market represents a $30 trillion opportunity.

"Until now, developer innovation has been stifled by the barriers payment systems impose," said Scott Thompson, President of PayPal. "With an open platform, we're solving fundamental challenges people face when trying to pay or get paid and giving people the tools to create new business models for their innovations."

The company sais it has spent over a decade creating a secure, global payments network for e–commerce and person-to-person transactions, which seamlessly integrates 27 financial networks, 15,000 local banks, 190 global markets and supports 19 currencies.

Several developers have integrated PayPal's new APIs as part of a beta program. Some of these companies include Twitpay, a Twitter-based payment service; LiveOps, with its new on-demand workforce service called LiveWork; and Microsoft's Windows Azure platform, a cloud development environment.

PayPal also wants to hear ideas from developers that use social media channels on how to use the new services in innovative ways to pay in the future. The company has setup a Twitter account and is following comments with the hashtag #changehowwepay.


More information: http://www.changehowwepay.com...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Gareth Morgan is a genius
Created by Satch, last reply by Geektastic on 11-Dec-2016 23:08 (191 replies)
Pages... 11 12 13


NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by JayADee on 11-Dec-2016 22:21 (223 replies)
Pages... 13 14 15


The President Of The USA - Who do you think?
Created by TimA, last reply by DarthKermit on 10-Dec-2016 20:29 (913 replies)
Pages... 59 60 61


Spark wireless broadband and home /lan access: CGNAT limitations
Created by yokkem, last reply by BarTender on 8-Dec-2016 15:57 (19 replies)
Pages... 2


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by DarthKermit on 9-Dec-2016 16:16 (471 replies)
Pages... 30 31 32


Wilson's Car Park - When Free is not free
Created by nzkiwiman, last reply by cr250bromo on 9-Dec-2016 09:30 (51 replies)
Pages... 2 3 4


Gigabit cable now available
Created by sub, last reply by chiefie on 8-Dec-2016 17:38 (733 replies)
Pages... 47 48 49


Control of a 12v fan circuit - wifi, wired - home automation
Created by davidcole, last reply by frankv on 11-Dec-2016 18:10 (11 replies)