Re: The difference between PaySwarm and OpenTransact

Dave,
No where does it mention that OpenTransact is for individual payment
providers.

It is about creating a lively open ecosystem of payment providers,
merchants, marketplaces and other kinds of apps.

The basic building block is a transfer. That transfer could encompass one
or more transfers with business logic behind the scenes.

The biggest problem with PaySwarm is that it really encompasses only one
way of doing things. Yes it's extendable but the specs makes many
assumptions that limits it.

I would really like to see a joint set of standards bringing along the best
of both worlds and that is what I had originally hoped the web payments
group was about. My big complaint that started this debate was a seeming
lack of will to do this from the PaySwarm team.


P

On Thu, Jan 12, 2012 at 2:25 PM, Dave Longley <dlongley@digitalbazaar.com>wrote:

> 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.
>
>
>


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