socialmedian: PayPal’s (Partially) Open Platform to Usher in New Payment Models & Apps

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PayPal’s (Partially) Open Platform to Usher in New Payment Models & Apps

Source: GigaOM

Nov 03, 2009

Summary

PayPal is opening up substantial parts of its global transactional engine, with the new open platform dubbed “PayPal X,” company executives announced this morning at PayPal’s X Innovate 2009 developer conference in San Francisco. PayPal developers and users now have access to a slew of new APIs, ranging from an extended version of the Adaptive Payments API that PayPal made available in July, to an Adaptive Accounts API designed to make it easier for people to sign up for accounts. The APIs, technical documentation, sample applications and more are available at PayPal’s X.com web site.

PayPal’s move to open its platform has been under way for some time, and it represents an important shift in the company’s strategy. It may usher in new breeds of payment-centric applications, including ones focused on microtransactions and mobile payments. In-application payments, which Apple is now allowing in iPhone apps, are also a focus for the PayPal X platform.

“We’re introducing new APIs and new pricing,” said Osama Bedier, VP of Platform technology at PayPal. Specifically

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