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PeopleSoft Web Services 101

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I'm not an expert on Web Services. This is just an attempt to provide a basic, simple introduction for CompShack visitors. Please feel free to comment or suggest any additions to the topic.

What is a Web Service?
From how I understand it, a Web Service is a set of technologies based on a set of standards to build applications that can "talk" to each other. In other words, Web Service is an application that exists over the web.

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