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PayPal Offers $150,000 In Developer Challenge
blackbearnh writes "As previously reported on Slashdot, PayPal recently released a series of new APIs that allow developers to embed PayPal into their web sites and applications without requiring the user to go to the PayPal web site to complete the transaction. To encourage developers to use these new APIs, PayPal is offering two prizes totaling $150,000 for interesting new applications. The entry deadline to register ideas is December 16th, and O'Reilly has an interview with the director of the PayPal Developer Network that covers the details of the contest. In it, Naveed Anwar talks about why PayPal is throwing money at developers. 'When Facebook opened up their platform, it allowed people to work in that particular environment, in the Facebook environment. When the iPhone opened up their platform, they allowed people to work in their environment which was build the applications on the iPhone. When PayPal was looking at opening up its platform, we are not limited by one particular area. We go into the enterprises. We go into social networking. We go into all the places where payment as a solution is needed. And if we can actually reduce that barrier of entry — because at the end of the day, when anyone is building out a business and anyone is building out an application, they're looking at ways of monetizing it.'"
It makes no difference. Either you can trust the site or not. I mean if you go through a transaction with them after logging into to Paypal does it really make a difference? Paypal sends you an email for each purchase, and if it's not right you can respond immediately. You can change your password if you suspect the site of phishing.
Any site I'll be entering my Paypal Info will have an SSL of its own that I have to login with different details.
When Facebook opened up their platform, it allowed people to work in that particular environment, in the Facebook environment. When the iPhone opened up their platform, they allowed people to work in their environment which was build the applications on the iPhone. When PayPal was looking at opening up its platform, we are not limited by one particular area. We go into the enterprises. We go into social networking. We go into all the places where payment as a solution is needed. And if we can actually reduce that barrier of entry — because at the end of the day, when anyone is building out a business and anyone is building out an application, they're looking at ways of monetizing it.
And in other news, PayPal has announced their newest spokesperson, Sarah Palin.