OpenForum: "The payments industry is one of the most active areas of business finance today. I recently wrote about PCI compliance and about different methods of accepting payments like ACH. Now a popular tool for accepting payments from customers is getting a facelift. PayPal is currently rolling out a new online checkout process for buyers. This marks an important change for both businesses that use PayPal and customers that make purchases through PayPal.
Last year, PayPal facilitated $72 billion in payments and currently has over 87 million active accounts in 190 countries and 24 currencies. Any change to the user experience has the potential to affect billions of dollars in transactions."