PayPal Demos Auto-Debit Gumball Machine

ForgedArtificer writes "At their recent developers conference in San Diego, CA, PayPal unveiled a proof-of-concept gumball machine that would instantly pay for a gumball through a PayPal account using a smart phone and a QR code, sending a confirmation of the purchase through Twitter. Ok, maybe we all don't really care if we can get a gumball without a quarter, but the possibilities for this technology are endless."

Comments

Re:Banking regulations.

[YrWrstNtmr]

PayPal is [paypal.com] a registered bank.

Depending on where you are. From your link:

https://www.paypal.com/uk/
"PayPal was granted a bank license with the Luxembourg bank authority."
"PayPal Luxembourg will be regulated to the same standard as all major European banks. Banking laws and standards in the European Union ensure that customers are just as protected by a Luxembourg bank as by a UK, French, or German bank."

Not a lot of good outside the EU.

For your protection,

[Compaqt]

Paypal has withheld your gummy bear for 180 days. Because you accessed the gummy bear from a location other than your usual location, we will also hold your $.25 while our anti-fraud department investigates.

To increase trust in the Paypal community, verify your account. To verify, fax a recent utility bill, send your debit card PIN and a half-chewn gummy bear as a DNA sample.