PayPal Embraces Developers with PayPal X

Mike Phillips — Fri, 06 Nov 2009 16:51:00 GMT

Just days after the announcement of Amazon's PayPhrase, PayPal has announced PayPal X - a global initiative allowing developers to get creative with payment processing.

A few key developments are:

Mobile software development kit (SDK). This allows developers to include PayPal directly into their mobile applications. For example, ShopSavvy just developed a new app that lets you scan a barcode for a product and then buy it directly from your iPhone.
Adaptive Payment capabilities. A currency conversion utility that lets merchants accept quick payments from any of 24 currencies supported by PayPal. There's a contest running for the most innovative Adaptive Payment, where the developer stands to win $50,000.
And from the PayPal blog, "A new API, Adaptive Accounts, that will make it easier for developers to create customer accounts from within their applications. Imagine an app that raises money on Facebook, for example. Developers can enable new account signup right in the donation flow."

Why all the new payment systems? Simply put, developers are outpacing the payment providers. Apps are exploding on the mobile space and social media offers an infinite number of options for merchants and developers.

Amazon PayPhrase; Valuable for Consumers and Merchants

Pete Prestipino — Thu, 29 Oct 2009 14:24:00 GMT

Amazon Payments (a subsidiary of Amazon.com) rolled out a whopper of a service for consumers (and Internet retailers) last night dubbed PayPhrase.

Users are able to bypass a typical ecommerce checkout line and expedite the order process by replacing tasks such as entering usernames, passwords, credit card information, and shipping address when they enter in a a simple phrase (a PayPhrase) and a four digit pin. Up to 20 PayPhrases can be created by users and the management of those terms looks rather simple.

“We think customers will enjoy the simplicity that Amazon PayPhrase offers, and we hope they’ll have some fun choosing their own personal phrases,” said Matt Williams, General Manager, Amazon PayPhrase.

It's really quite an innovative solution and it's already in use at Amazon and on sites such as DKNY, Patagonia.com and BUy.com. Merchants interested in offering the functionality will need to be using Amazon Payments.

Stay up to date on the latest Internet trends:
Request a professional subscription to Website Magazine,
the most popular print publication on Web success.

'Net Features : payphrase

PayPal Embraces Developers with PayPal X

Amazon PayPhrase; Valuable for Consumers and Merchants