In the last two months, we have had three announcements of add-ons for smartphones that will allow users to read the magnetic stripe on a payment card, in effect turning the devices into wireless payment terminals.
Stories by Aaron McPherson
I just finished watching the PayPal Platform Preview, which was PayPal's official announcement of their new open development platform (it was previously leaked on TechCrunch). Officially called "PayPal X," the platform was presented by Osama Bedier (VP of platform and emerging technology) in broad, almost utopian terms, as something that would unleash waves of innovation transforming the way goods and services are delivered. Maybe.