The difference between PaySwarm and OpenTransact from Dave Longley on 2012-01-12 (public-webpayments@w3.org from January 2012)

From: Dave Longley <dlongley@digitalbazaar.com>
Date: Thu, 12 Jan 2012 14:25:01 -0500
To: public-webpayments@w3.org
Message-ID: <4F0F338D.6090805@digitalbazaar.com>

My reading on the main difference between PaySwarm and OpenTransact, 
based on the current discussion, is this:

OpenTransact is about telling payment providers how they can communicate 
with their own customers and how they can let their customers delegate 
access to their account.

PaySwarm is about telling payment providers how they can facilitate 
commerce between their customers and the customers of other payment 
providers.

I think the latter is more about an open standard for payments and 
online commerce than the former.

-- 
Dave Longley
CTO
Digital Bazaar, Inc.

Received on Thursday, 12 January 2012 19:27:54 UTC