This week, PayPal gave merchants a sneak peak at their new payment technologies. Scott Thompson, President of PayPal stated, "the future is about creating real consumer choice, flexibility and control over how people shop and pay." The illustration below is a summary of the new products, services and capabilities that were demonstrated.

In advance of their X.commerce Innovate Conference in October, PayPal released the following video illustrating their vision for the future of shopping. They envision PayPal being present during every phase of the shopping lifecycle.

[media url="http://www.youtube.com/watch?v=V7q1jx8mYi8" width="560" height="315"]As e-commerce developers, we'll be watching closely as more is revealed regarding the eBay, PayPal and Magento convergence.