PayPal to Introduce Platform

PayPal Inc. expects to generate new sources of business when it introduces its open development platform in November, executives said Thursday.

The goal is to give developers "access to a secure, global, plug-and-play payment solution which can be embedded in whatever you want to do," said Scott Thompson, the president PayPal, the San Jose payments unit of eBay Inc., during a Webcast.

For instance, the platform would give more merchants the ability to accept payments on Internet-connected devices without having to use a Web browser. The BlackBerry application store, where handset maker Research In Motion Ltd. routes all payments through PayPal, is using the platform that way already, he said.

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