Power Sellers Unite

elgato · Joined: 24 Feb 2005 Posts: 17239 Location: Texas

This week MasterCard announced a new developer initiative, which will place MasterCard payment technology in mobile and online apps.

"We are excited about tapping into the ingenuity of software developers around the globe to help create the next generation of game-changing payment applications," said Josh Peirez, Chief Innovation Officer, MasterCard Worldwide. "We feel this will unleash innovation within our industry especially in the burgeoning areas of e-commerce and mobile payments."

PayPal was quick to remind people that that it specializes in this concept, saying Mastercard is "following in its footsteps."

"We've been working with developers for more than a year to deliver PayPal X, the first open global payments platform with functionalities specifically based on developer needs," says Damon Hougland, senior director of PayPal X, the company's open platform. "Since we opened up PayPal X, thousands of developers have signed up, hundreds of apps have been built, and millions of dollars have transacted over our platform."

more.. link to news article

Patriot1776 · Joined: 26 May 2010 Posts: 4

Not certain how to post or where, I'm brand new. Concerning Ebay including Ebay's Paypal system of their non contractual declared psuedo-escrow account withholding or '21 day holding account' including US Unfair Competition Practices against Monopoly, file your complaint with the US Federal Trade Commision at 877.382.4357, then contact your State's Attorney General. PayPal nor Ebay falls under the jurisdiction of OCC and Pay Pal is NOT affiliated with the FDIC whatsoever-- I just talked to FDIC as Paypal declares themselves so confidently as an FDIC affiliated 'depositor bank.'

elgato · Joined: 24 Feb 2005 Posts: 17239 Location: Texas

First of all welcome to the PSU forums and I appreciate the detailed information!

Thanks for joining this group of auction site and online store owenrs! :D