Social Payment - a simulated WSJ example
One of our stellar developers, Brian Robinson , is working on putting a payment service into Ringside Networks. When we release at the end of June, this should hopefully make it very easy for any application to embed a social payment service. It is still early, but you can see a demo at http://wiki.ringsidenetworks.org/display/ringside/Payment+Services . Like many of the things we are doing at Ringside Networks, this is new stuff. To help people understand what a social payment service might enable, I will make up an example. Let’s say the Wall Street Journal has a social payment service. In addition to letting me subscribe for a year of on-line access for $99, it also offers me a $199 option to subscribe myself and 5 co-workers. Makes sense from a business perspective for WSJ, since they will get additional revenue right now and additional eyeballs for their ads. Here is how it could work. Let’s say I go to WSJ.com and sign up for this service. The first question the website w