http://spf13.com/post/soap-vs-rest

SOAP:
- Transport Independant (REST requires HTTP. SOAP can work on HTTP, SMTP, etc)
- Built in Error Handling
- Only XML
- Provides good ACID Transactions.
- Exposes pieces of application logic , Exposes operations
- Enterprise level security since it supports WS-Security
- Suitable for banking applications

REST
- Easier Learning Curve
- Efficient and Fast : Smaller message format
- Can use XML, JSON, etc
- REST gives access to named resources

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