Posts Tagged ‘PaySwarm’

Manu Sporny Advocates for Web Payment Standard at Inside Bitcoins

Danny Bradbury of our sister site, CoinDesk, recently wrote about Manu Sporny‘s presentation at the recent Inside Bitcoins Conference. Bradbury writes, “A representative working loosely with the Web’s standards body set out his vision for a web-based payments standard at the Inside Bitcoins conference today. Manu Sporny, who works with the World Wide Web consortium (W3C), is part of a working group on Web Payments. He advocated a standard payment mechanism that would be currency-agnostic, and which would do away with traditional online payment methods such as entering credit card data, or making electronic payments which proprietary networks such as PayPal. ‘Credit card numbers are effectively passwords to your bank account. You’re giving that password away to every merchant you do business with,’ said Sporny.” Read more

Meritora, First Commercial Implementation of Universal Payment Standard PaySwarm, Goes Live

Today sees the launch of Meritora, the first commercial implementation of the universal payment standard PaySwarm (initially discussed in this blog here and here). The creation of Digital Bazaar, the company founded and CEO’d by Manu Sporny – whose W3C credentials include being founder of both the Web Payments Community Group and JSON-LD Community Group, as well as chair of the RDF Web Applications Working Group – Meritora is designed to ease what is still a surprisingly arduous task of buying and selling on the web. The service is starting with a simple asset hosting feature for helping vendors sell digital content on WordPress-powered sites, and support for decentralized web app stores so that app creators can put their work on their web sites, set a price for them, and let them be bought there, at a web app store, or anywhere on the web.

The name Meritora points to the service’s underlying purpose of rewarding greatness, coming from the bases ‘merit’ and ‘ora,’ the latter of which has been used across a number of cultures to express a unit of value, Sporny says (noting that it means ‘golden’ in Esperanto, and was also used as a unit of currency among Anglo-Saxons). That’s a big name to live up to, but the service hopes to do so by making Web payments work simply, securely, quickly, with low fees and no vendor lock-in for buyers and sellers on the digital content scene.

There’s Linked Data to thank for what Meritora, and PaySwarm, can do, with Sporny describing the system as “the world’s first payment solution where the core of the technology is powered by Linked Data.”

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Manu Sporny on a Web Payment Standard

PaySwarm advocate Manu Sporny recently spoke to Tom Simonite about a web standard for online payment. Simonite writes, “Over the past few decades, a handful of open standards for rendering and sharing text and imagery between computers—better known as the World Wide Web—have helped upend businesses worldwide. But these Web standards do not cover ways of transferring money or selling content, leaving us to fumble for credit cards and PayPal account details when it’s time to cough up. That could be set to change. A group affiliated with the body that maintains Web standards hopes to establish an open standard for transferring money online. If the plan is successful, Web browsers could come with features that make it much easier to buy and sell things or transfer funds over the Internet.” Read more

PaySwarm Alpha 3 Released

Last week Manu Sporny announced, “PaySwarm Alpha 3 was released… For this release, we focused on getting preliminary REST API documentation published and the PaySwarm client code into a state that developers could use. The WordPress client code was also updated to match some of the new changes to the specs and the REST API. Most of the major design work is done for the upcoming commercial release of the software, so we’re going to be smashing bugs and tweaking the UIs for the foreseeable future.” Read more

Flattr Gets an Unflattering Rejection from Apple

We recently covered the development of a web payment standard, PaySwarm. Another candidate in the field isn’t fairing quite as well. According to Sarah Perez, “Social micro-payments platform Flattr is taking an unkind hit in terms of its future growth opportunities on mobile, the company details on its blog this morning. After being integrated into popular third-party podcast manager Instacast back in February, Apple decided at the beginning of May to reject the app from the iTunes App Store due to its Flattr integration. The result? The only way Instacast could get back into the app store was to change the user flow in the app to direct the actual ‘flattr’ (as the micro-payment process is called) to take place in the Safari web browser instead. Not an ideal user experience, Apple admits, but it’s as required by the App Store Review Guidelines.” Read more

Manu Sporny on Open Web Payment Standards

Manu Sporny recently shared his insights regarding open web payment standards, a topic he has discussed here as well. Sporny writes, “The purpose of a value exchange system is to increase the efficacy of human efforts by allowing each person to contribute value in his or her own way. The Web is such a system for the exchange of value in the form of information. It now helps billions of people around the world communicate, become more educated, and collaborate to solve some of the hardest problems known to man. Given the Web’s enormous success, it is a good model to follow for designing a new system for the exchange of monetary value. The key to the Web’s success has been its dedication to open networks and open standards. While it may seem obvious to us now, this was not always the case.” Read more

Announcing PaySwarm Alpha for Developers

PaySwarm recently announced a new PaySwarm Alpha for developers (read our two part series about PaySwarm here). The article states, “This is a public sandbox — a developer test ground — that implements some of the newest PaySwarm REST API features.” It continues, “The biggest change was replacing the authentication mechanism that we were using for PaySwarm. We had implemented the system last year using the OAuth protocol only to find out that it made things more complicated than they need to be for the use cases that we were trying to cover. Some developers have asked why OAuth didn’t work for PaySwarm when it works for large sites like Facebook and Twitter.” Read more

PaySwarm (Part II) – Interview with Manu Sporny

Manu SpornyYesterday, we ran Part I of our conversation with Manu Sporny, CEO of Digital Bazaar, about Payswarm, a new type of micropayment standard for the web. Today, we dive a bit deeper into the process of how Payswarm is being developed as a Semantic Web based standard rather than a proprietary technology.

SW: Tell us a bit about the choice to create PaySwarm as a standards project.
MS: The answer lies somewhere in a lack of open, patent- and royalty-free standards for online payments. Filling out your credit card information on every site you want to support is not the answer. Neither is signing up to a proprietary payment service. What we need are open standards for payment on the Web – once that is in place, we can look forward to an explosion in innovative start-ups centered around finance and crowd-sourced funding. We can also look forward to more individuals being enabled to make a living via the Web which, given this incredibly deep recession, will have a very positive impact on a number of people’s lives.

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PaySwarm – Give Someone $0.02 for Their Two Cents (Part I)

Manu SpornyManu Sporny, Founder/CEO of Digital Bazaar, Inc., sat down with SemanticWeb.com to discuss Payswarm, a new standard that he is working on through a W3C Community Group. This article is Part 1 of 2.

PaySwarm.com

SemanticWeb.com: What is PaySwarm?
Manu Sporny: It is a universal payment standard designed specifically for the Web. Think “an open source PayPal on steroids” – an open, patent and royalty free specification for Web Payments. The goal of PaySwarm is to make crowd-funding, world-changing ideas, buying and selling online as easy as sending an e-mail or an instant message. We want payment to be baked into the core of the Web so that exciting new companies can be launched on top of this truly open payment platform.

We want to enable anybody in the world to launch a PayPal, KickStarter, or Kiva. Think of what the Web did for companies like Google, Facebook, Twitter and Yahoo. We think PaySwarm can do that for the next generation of start-ups that want to transform the way we reward each other on the Web. Improving the way we organize financial resources to enhance our personal lives and pursue endeavors that improve upon the human condition is at the core of what we’re doing.
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