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:

New Vodafone Broadband Plans
Created by Naithin, last reply by Naithin on 21-Oct-2017 00:41 (52 replies)
Pages... 2 3 4


Chorus Fibre install
Created by MikeB4, last reply by kryptonjohn on 19-Oct-2017 14:24 (18 replies)
Pages... 2


Obesity in NZ - OECD
Created by Fred99, last reply by gzt on 18-Oct-2017 16:36 (124 replies)
Pages... 7 8 9


New phone for mum
Created by shermanp, last reply by 1eStar on 20-Oct-2017 22:47 (16 replies)
Pages... 2


Vodafone TV - Is this sky?
Created by wingbat45, last reply by richms on 20-Oct-2017 18:00 (84 replies)
Pages... 4 5 6


KRACK - WPA2 essentially cracked.
Created by michaelmurfy, last reply by Paul1977 on 20-Oct-2017 09:28 (76 replies)
Pages... 4 5 6


Amazing that some speciality shops in malls survive at all
Created by amiga500, last reply by richms on 20-Oct-2017 23:07 (14 replies)

Streaming of some All Blacks games on Allblacks.com for only $24.99!
Created by dazhann, last reply by networkn on 20-Oct-2017 22:22 (14 replies)