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- CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for February
- Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends
- Evans Bancorp Reports 176% Increase in Net Income for the Fourth Quarter of 2011 and Record Results for the Year
- AXIS Capital CEO John Charman to Present at Bank of America Merrill Lynch Insurance Conference 2012
- Bank of America Announces Agreements in Principle With Federal and State Authorities on Mortgage Matters
PYMNTS Voice
Commentary » PYMNTS Voice
PayPal Innovate: X marks the start
Thoughts from Day 1 of PayPal’s developers’ conference
You know you have created something important when it starts to redefine the industry conversation. Over the last few days, it became obvious PayPal is on to something with its approach to embed payments into the fabric of commerce.
PayPal’s Efforts to Capture Payments Share
Three announcements over the last week highlight PayPal’s moves to take a big share of the payments market.
PayPal X’s Global Payments Development Platform
When it comes to using invisible engines to drive innovation and transform industries, PayPal is the first out of the gate in the payments industry and well ahead of the traditional players. This online payments giant claims that “PayPal X is the first and only global payments platform open to third-party developers. Our new set of APIs will offer unlimited possibilities for [developers] to easily monetize your ideas, by providing security and connectivity to the world’s financial systems.” This isn’t the usual hype—whizbangthing.ppt—that we get from payments providers trying to stake a claim. Six months after announcing its open platform more than 25,000 applications have been written to it and a vibrant developer community is are cranking out more apps as you read this.
Can IP Commerce Create the Apps Store for Payments?
There’s no Steve Jobs strutting on the stage, massive consumer buzz, or slick television ads about how there’s an app just for you. But there are some things you’ve probably heard about and a soon-to-be known Denver based company, IPCommerce, is the invisible engine that’s powering them.
It's Time to Take the Thumb Off of Consumer and Business Borrowing to Get the Economy Moving Again
Revitalizing credit, creating jobs, and stimulating the U.S. economy was the subject of a panel that I participated in last week at the U.S. Chamber of Commerce's Capital Markets Summit. A lot of people have said that businesses — especially small ones — can't get credit. A big question for the panel was whether that's really true. Here's what I said.
The New Age of Invisible Engines: How Software Platforms Will Drive Growth in the Next Decade
The invisible engine model followed by Apple's iPhone has helped power the information technology industry for about three decades. Apple itself was one of the pioneers in encouraging developers to write applications for its desktop operating system. It invented the "software evangelist." Microsoft, though, was the maestro catalyst. Its Windows software platform attracted thousands of software developers and hundreds of millions of users. As a result it has been the durable center of a vast desktop-computer based ecosystem since at least the launch of Windows 3.0 in 1990. Invisible Engines tells the story of how software platforms have transformed industries including computers, video games, and handheld devices and then accelerated innovation. It then examines the forces behind the various business models that have been adopted in these industries. Many software platforms have decided not to charge developers while others have. Some have decided to vertically integrate into hardware while others have remained pure platforms.
The Invisible Engines that Drive Innovation and Transform Industries
The use of software platforms to drive innovation and transform industries has exploded since the 2006 publication of my book Invisible Engines with MIT Professor and former Sloan School Dean Richard Schmalensee and Harvard Business School Professor Andrei Hagiu. Around the globe, invisible engines are ushering in a new era of technological change based on software. The Apple iPhone has shaken the mobile phone industry worldwide in part by creating a massive applications business built on the phone's operating system. Firefox has revolutionized the browser industry by encouraging developers to write add-ons and in doing so toppled Microsoft's Internet Explorer from dominance in many countries. Facebook has created a powerful social networking platform by opening itself up to developers. Amazon has started cloud-computing platform that enables entrepreneurs to access its vast software code, hardware and global communication systems over the Internet.
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