Of all the markets being impacted by the booming API economy, perhaps none has seen as much activity and innovation as the payments space. The past several years have seen the launch of a number of disruptive and successful API-centric upstarts, including Stripe and Balanced. Meanwhile, entrenched players like PayPal and Verifone have responded with new offerings of their own.
Google's App Engine product has been available for developers to build upon since last April, and in that time has been free to all, up to certain resource limits. Many have taken advantage of that capability to build thousands of apps including some now in our directory like the iTunes clone The Cloud Player and the Yahoo BOSS search mashup 4hoursearch. But the most common request from App Engine developers has been the ability to go beyond the initial resource limits. As of today, Google has lifted those limits and will let apps scale beyond those early free quotas.
What happens when Joe Investor ("sophisticated" or otherwise) backs too many ventures that go bust that take him down with them? Now that crowdfunding is legal thanks to the JOBS Act passed in 2012, scenarios like this and worse have the potential of becoming much more frequent. But just because it's legal doesn't mean it's free of regulation. In fact, the regulations that are still being hammered out promise to be fierce. How will a crowd sourcing investment site, or an enterprise looking for financing on one of those sites, keep track of it all? Actually, that may not even be possible--unless the funding portal uses a service like the Crowdbouncer API.