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Sep 08
2009
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PayPal want to change how we pay with PayPal XPosted by: Dave on Sep 8, 2009 Tagged in: x.com , PayPal , payment processing , online payments , micro-payments , e-commerce , changehowwepay
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Earlier this year PayPal confirmed that they would be releasing a new flexible payments API known as the PayPal Adaptive Payments Service. This confirmation from PayPal was prompted by a TechCrunch article that leaked a confidential document that detailed the service. PayPal held a limited-seating event on July 23rd and revealed more details of their new open global payments platform referred to as PayPal X. You can find the story behind the PayPal X name over on their blog on x.com. PayPal X will be officially launched at the PayPal X Innovate 2009 event on November 3rd. As part of their marketing for this event PayPal have launched http://www.changehowwepay.com and have published a promotional video - PayPal Some Things Will Never Change.
The video maybe a marketing video but it still highlights PayPal's vision for the future of payments. This vision shows PayPal Payments being part of everyday life. PayPal's recent introduction of the Students Accounts Service means some individuals are already using PayPal in both the online and offline worlds.
Dave
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written by osearcaigh , September 08, 2009
It's interesting that throughout the video what would normally be the "Buy now" button is "PayPal". Guess they're looking for synonymity between the two, much like Google is now in common usage for search.
I liked the video, it's a bit of a jump I think but there's no harm in looking to the "what if" scenarios to fuel innovation, though I think buying a $1,200 fridge after seeing it for a few seconds on the television is a big jump to finish the video with!!
written by Dr John Clarke , September 08, 2009
I can remember when the vision of the future was that your fridge would *automatically* order your groceries for you, as they got low. Now you have to do it manually. That's a step backwards!
written by Giorgio Sironi , September 08, 2009
It's interesting to work with Paypal because it's there that the money flows... Business opportunity are more likely to be successful where people pay already instead of trying to extract money from thin air.
written by dave lowry , September 08, 2009
I had not noticed the switch from Pay Now to PayPal. I expect you might be onto something with your theory.... I suspect this will be something that will be difficult for them to achieve but opening up with platform to developers is a step in the right direction.
written by dave lowry , September 08, 2009
You got to walk before you can run... We don't have fridges that automatically order yet so maybe a fridge that you can manually order from is a decent intermediate step
written by O'Searcaigh , September 08, 2009
If a fridge automatically orders everything that we're running low on then how do I switch to apple juice for this week because I'm getting sick of orange juice?
Point being, the automation of the decision process doesn't allow for a switch in consumer preference. I don't see how such a system would be difficult to automate in some respects, such as having an ability for the householder to add a software rule to say I want at least 2L of brand-x milk at any one time but not more than 4L yet still allow a browsing or searching of a product catalogue to allow for changing consumer preferences to change that brand or to order different juice every time I order.
written by ATM , September 16, 2009
I wonder how relevant this technology will be once PayPal is sold and bought by someone else?
Wasnt PayPal for sale?
written by dave lowry , September 16, 2009
I have not heard any rumors about PayPal being for sale. Do you have anything to backup this theory?
written by O'Searcaigh , September 16, 2009
PayPal was sold to eBay Inc. in October 2002, no talk of any merger since that I've heard though they have acquired some fraud prevention-type companies and they also bought Bill Me Later late last year.
written by John Clarke , September 21, 2009
Possible mixing up PayPal with Skype (which is for sale). eBay see PayPal as their big growth engine over the next number of years, so unlikely they will conside selling it.
