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EcommerceBytes-NewsFlash, Number 2312 - June 18, 2010 - ISSN 1539-5065    3 of 4

PayPal Runs Developer Challenge to Reward Innovative Payment Apps

By Ina Steiner
June 18, 2010

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PayPal will give away $100,000 for the most innovative payments application to a third-party developer as part of its PayPal X Developer Challenge. The first Developer Challenge launched at the PayPal X Innovate event in November 2009 and attracted hundreds of submissions, including the winners, Rentalic, a person-to-person rental marketplace, and appbackr, the first wholesale digital marketplace for iPhone applications.

This year's winners will be announced at PayPal X Innovate 2010 conference on October 26-27 at Moscone West in San Francisco. (PayPal recently put out a call for developers interested in speaking at the conference.)

PayPal is also awarding $10,000 to developers who create apps or services that directly impact users' daily lives - categories include:

  • Best application that leverages PayPal X's Mobile Payments Library (available on iPhone and Android);
  • Best application built by university students;
  • Best consumer application;
  • Best application that promotes cross-border commerce;
  • Best application that takes advantage of Yahoo!'s platform;
  • Best application that takes advantage of eBay's platform.

Two new community-based awards include the People's Choice, whose winners will be selected by the PayPal X online community; top finalists will be invited to exhibit at PayPal X Innovate 2010. Developers who register for the Challenge by August 4 are eligible to win one of 10 iPads. Details are found on x.com.

Finalists and the grand prize winner will be determined by a panel of judges including Roelof Botha of Sequoia Capital, Dave McClure of 500 Hats and Dana Stalder of Matrix Partners.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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