Venture Capitalists Discuss the Future of Online Payments at PayPal X Innovate 2009 Conference

Wed Oct 14, 2009 12:00pm EDT

* Reuters is not responsible for the content in this press release.

Developer Conference to Feature Executive Keynotes, Technical Sessions and
Exclusive API Release
SAN JOSE, Calif.--(Business Wire)--
A panel of leading venture capitalists (VCs) will discuss breakthrough
opportunities in payments available to entrepreneurs at PayPal X Innovate 2009,
PayPal`s first developer conference. Moderated by GigaOm blogger Om Malik, the
panel will include Brian Ascher from Venrock, Roger Lee from Battery Ventures,
Eric O`Brien from Lightspeed Venture Partners and Dana Stalder from Matrix

"Payments are becoming a game changing technology, with opportunities everywhere
you look-and this is not lost on the VC community," said Osama Bedier, vice
president of PayPal Platform and Emerging Technology. "Developer innovation has
been stifled until now because it`s so hard to make money. It`s not about
technology, it`s about solving fundamental challenges people face when trying to
pay or get paid." 

"By opening up its payments platform, PayPal is essentially giving developers
the tools to easily monetize their ideas, which has been a long-time challenge,"
added Dana Stalder, general partner, Matrix Partners. "This will be of
significant importance to the VC community and marks a major shift in payments
as we know it." 

PayPal X Innovate 2009 will also feature keynote addresses from eBay Inc. CEO
John Donahoe, PayPal President Scott Thompson and Vice President of Platform and
Emerging Technology Osama Bedier. Publisher and Web 2.0 activist Tim O`Reilly
will close out the first day of the conference with the afternoon keynote. Other
speakers include innovative developers and partners who will unveil new
applications based on PayPal X, PayPal`s open development platform. 

The conference will feature dozens of interactive technical sessions covering
everything from mobile applications and financial innovation, to creating
peer-to-peer applications in developing markets. Attendees will get a preview of
the PayPal X 2010 roadmap and have the opportunity to work directly with 200
PayPal engineers on their ideas. Those in attendance will also receive exclusive
access to PayPal`s new application programming interfaces (APIs), which will be
announced at the conference. The APIs will not be available to non-attendees
until 2010. 

Details of the general sessions are included below. 

Tuesday, November 3

10 a.m. to noon: Introductory keynote with Scott Thompson, Osama Bedier and
developers who will demonstrate new applications built on PayPal X. Also, a
special address by eBay Inc. CEO, John Donahoe. 

5:30 p.m. to 6:30 p.m.: Keynote address by industry luminary Tim O`Reilly. 

Wednesday, November 4

8:30 a.m. to 9 a.m.: Keynote address by eBay Inc. Senior Vice President and
Chief Technology Officer Mark Carges. 

9 a.m. to 10:45 a.m.: VC panel discussion on the future of payments with a
perspective from those who invest in emerging innovations that can dramatically
change how and where people pay and get paid online. 

PayPal X Innovate 2009
Opening: Nov. 3, 2009, at 8 a.m. PST
Closing: Nov. 4, 2009, at 5:30 p.m. PST 

The Concourse Exhibition Center
635 8th Street
San Francisco, CA 94103 

Media interested in attending should e-mail 

Attendee registration and more information can be found here. PayPal will donate
$49 from every ticket sold to support technology at local schools in East Side
Union High School District in San Jose. The event can also be followed on
Twitter: @PayPal, @PayPalX, #ppxi09, #ChangeHowWePay. 

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows
members to send money without sharing financial information, with the
flexibility to pay using their account balances, bank accounts, credit cards or
promotional financing. With more than 75 million active accounts in 190 markets
and 19 currencies around the world, PayPal enables global ecommerce. PayPal is
an eBay company and is made up of three leading online payment services: the
PayPal global payments platform, the Payflow Gateway and Bill Me Later. More
information about the company can be found at

Anuj Nayar, 408-967-5730
Director, Global Communications
Access Communications for PayPal
Meagan McCrystle, 917-522-3537

Copyright Business Wire 2009