PayPal Pivots From Platform To 'Operating System' - InformationWeek

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PayPal Pivots From Platform To 'Operating System'
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User Rank: Ninja
5/30/2015 | 3:03:01 PM
What happened to security?
Oh good, now in addition to the numerous phishing attempts being emailed to my PP account, consumers can look forward to even more financial institution hacking as well once PP embarks into the financial sector.
User Rank: Ninja
5/25/2015 | 9:39:14 PM
Operating System
"We really want to provide a full suite of products and services and experiences off of our digital payments platform both to consumer and merchants."

For someone who has using PayPal for many, many years. I'm just glad for them, and of course, for the consumers as well. And I agree, "Operating System" is stretching it a little bit.
User Rank: Ninja
5/25/2015 | 11:56:55 AM
Judging by their APIs...
Having done several dozen various API integrations, I have found that the condition of a company's APIs almost always mirrors the general internal state of that company. Twilio for example: Clean and easy to use APIs, well designed. Turns out that Twilio is quite easy to deal with, top notch service.

PayPal's API's and services are disasterous. They have many 'products' with very similar names, that I honestly can't tell the difference between. After weeks of wrestling with various versions of APIs, and much contact with their 'support', it turns out that we were using the wrong API the whole time, that is why it wasn't working properly. We were using the API they told us to use!

I don't see PayPal as being evil so much as incompetent, and they have been that way for well over a decade. They want to talk about innovation and adding features, that's insane. They stuff they have now doesn't even work right. Clean up your mess first PayPal, get your 'products' in somewhat resonable condition.
User Rank: Ninja
5/24/2015 | 1:02:06 PM
PayPal is a Freelancer's Best Friend
Nobody can tell me that "the check is in the mail", because PayPal is as close to instantaneous that it doesn't matter. I just hope that this doesn't change.
User Rank: Ninja
5/24/2015 | 12:47:28 AM
financial tipping point
PayPal and others will rule our world when the digital commerce (e-business and e-commerce) will surpass the brick-and-mortar commerce. When e-tailing exceeds in value than retailing.

That will be the time when it would make sense to get our incomes and keep our savings with services like PayPal & Stripe instead of JPMorgan. That financial tipping point is near. Not far.

The day is not far. Its near. Coming soon. Stay tuned.
User Rank: Ninja
5/22/2015 | 2:59:52 PM
Re: PayPal pursue frictionless transactions
I think it's great PayPal is seeing a new day where it is on its own apart from eBay. I still hold hope that the company is able to compete with Stripe as an easy payment mechanism on the internet. The fact that PayPal owns Venmo and potential to monetize it I think is really compelling. 
Charlie Babcock
Charlie Babcock,
User Rank: Author
5/22/2015 | 12:28:44 PM
PayPal pursue frictionless transactions
Yes, Tom, PayPal has a good shot at making it work as an independent company. It's concentrating on mobile transactions with less friction or zero friction to them, such as a consumer's smart phone's establishing its owner's credentials as it comes within range of a store's beacon, then a picture of the consumer flashed on a screen at the cash register for a visual-only confirmation of a purchase. No cash or cards changing hands.

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