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« October 19, 2007 | Main | October 22, 2007 »

October 20, 2007

Open Source Software Key to PayPal's Success

Tags » PayPal

PayPal VP of Core Technologies Matthew Mengerink writes for LinuxInsider about PayPal's use of open source software - saying that it's fundamental to dealing with the "two competing demands" of PayPal's business model: "security and innovation."

Bank-Issued Gift Cards Known as the Worst Fee Offenders

Tags » Banking Industry, Gift Cards

An article titled "Giving a Gift to Merchants and Banks" By M. P. Dunleavey in today's New York Times discusses "hidden fees" associated with gift cards. While retailers have largely dropped such fees - in response to, among other things, a number of states adopting laws prohibiting them and action by the FTC against a couple of major merchants - banks haven't. Dunleavey writes "While it’s good to know there has been progress on the retail front, bank-issued gift cards are widely known as the worst fee offenders."

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