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A simple OAuth based protocol called OpenTransact will be described. Payments made across financial service providers using the opentransact ruby gem will be demonstrated. Help us caption & translate this video! http://amara.org/v/FGaZ/
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In the presentation titled "Beautiful Payment Systems with OAuth" by Tom Brown at the LoneStarRuby Conf 2011, the focus is on leveraging OAuth to create efficient and secure payment systems. The talk aims to provide a comprehensive understanding of OAuth and its application in modern payment APIs, particularly through the exploration of OpenTransact, a protocol designed for facilitating transactions across various financial service providers. Key points discussed in the video include: - **Introduction to OAuth**: Brown explains OAuth as an authorization protocol developed in 2007, emphasizing its role in permitting applications to act on a user's behalf without compromising sensitive data. - **Importance of APIs in Payments**: The speaker delves into how OAuth enhances the security and usability of payment systems, using Lanyrd’s integration with the Twitter OAuth API as a practical example of seamless user authorization. - **Overview of Dwolla API**: A significant feature of the presentation is the description of the Dwolla API, which utilizes OAuth for secure transactions. Brown points out that while Dwolla enables user permission management through Scopes, its all-or-nothing approach to permissions presents usability challenges. - **OpenTransact Initiative**: Brown introduces OpenTransact, championed by Pele Brangard. This simple yet powerful protocol aims to standardize payments across diverse asset classes beyond just USD, enhancing flexibility in the payment experience. - **Practical Examples and Tools**: The presenter showcases practical uses of OAuth with the open-source tools like Artifice and provides a live demonstration of oauth.jpkarma, a consumer application for managing payments and account details. The integration of OpenTransact for SMS payment gateways exemplifies how the protocol can be applied practically. - **Cucumber Specifications**: The session wraps up with an explanation of using Cucumber for testing OpenTransact APIs, focusing on how specifications improve the development of OAuth integrations. In conclusion, Tom Brown’s presentation emphasizes the potential of OAuth to transform existing payment systems by addressing the problems inherent in traditional payment methods. Key takeaways include: - OAuth is vital for secure authorization and enhances interaction with payment systems. - The Dwolla API exemplifies current capabilities and the need for better permission management. - OpenTransact provides a flexible framework that can greatly simplify transactions across multiple asset classes. - Tools like Artifice and Cucumber play significant roles in the development and testing of payment APIs, ensuring functionality and security.
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