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#91 PayPal's Early Innovations

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Manage episode 327236463 series 2709740
Content provided by David Kopec, Rebecca Kopec, David Kopec, and Rebecca Kopec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Kopec, Rebecca Kopec, David Kopec, and Rebecca Kopec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we know PayPal as a financial powerhouse. But when it was a young company, it had to innovate to survive. PayPal was the result of the merger of two startups—Confinity and X.com. Confinity was trying to be a digital payments solution for Palm Pilots, while X.com was an early online bank. PayPal first found success as a conduit for eBay payments. But perhaps PayPal's greatest innovations were in the area of fraud prevention. PayPal was a pioneer of bank account verification, CAPTCHAs, and using machine learning techniques on big data.

Show Notes

Follow us on Twitter @KopecExplains.

Theme “Place on Fire” Copyright 2019 Creo, CC BY 4.0

Find out more at http://kopec.live

  continue reading

138 episodes

Artwork
iconShare
 
Manage episode 327236463 series 2709740
Content provided by David Kopec, Rebecca Kopec, David Kopec, and Rebecca Kopec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Kopec, Rebecca Kopec, David Kopec, and Rebecca Kopec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we know PayPal as a financial powerhouse. But when it was a young company, it had to innovate to survive. PayPal was the result of the merger of two startups—Confinity and X.com. Confinity was trying to be a digital payments solution for Palm Pilots, while X.com was an early online bank. PayPal first found success as a conduit for eBay payments. But perhaps PayPal's greatest innovations were in the area of fraud prevention. PayPal was a pioneer of bank account verification, CAPTCHAs, and using machine learning techniques on big data.

Show Notes

Follow us on Twitter @KopecExplains.

Theme “Place on Fire” Copyright 2019 Creo, CC BY 4.0

Find out more at http://kopec.live

  continue reading

138 episodes

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