Paypal announced it has agreed to acquire Fraud Sciences, an Israeli security company, for $169 million. The deal marks the first time eBay and PayPal have acquired a security technology company.
eBay's PayPal has been battling online fraud, which has cost it millions of dollars. Paypal is by far the most widely used online payment service, and as such it is one of the biggest targets for phishing and other Internet scams. Fraud Sciences has developed technology that it claims helps in differentiating between legitimate transactions and those perpetrated by fraud.
Fraud Sciences' risk tools will be integrated with PayPal's fraud management system, PayPal President Scott Thompson said. The move "should allow us to be even more effective in protecting eBay and PayPal's hundreds of millions of customers around the world," he said.
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technorati tags: paypal, fraud sciences, online security
PayPal to buy Israeli fraud-detection company
PayPal’s Valentine’s Day Survey Proves Money Still Can’t Buy Love
Nearly 60 percent of young U.S. couples surveyed argue over money at least once a month, according to PayPal’s second annual “Can’t Buy Me Love” survey. Meanwhile, issues relating to work and household responsibilities top the list for couples in the UK. In both countries, sex ranked low on the list of couples’ common arguments, coming in fifth. The research, conducted by Ipsos, examined how personal finance issues affect couples and singles in the U.S. and UK.
“The ‘Can’t Buy Me Love’ survey takes a look at the role money plays in romantic relationships,” explains author and personal finance expert, Carmen Wong Ulrich. “Communicating with your partner about money is a vital part of developing and maintaining a happy relationship. It’s very interesting to see how dynamics and priorities differ between genders and nationalities.”
For the second consecutive year, the survey found that PayPal is the number two most popular reported method of payment for respondents buying their Valentine’s Day gifts online, immediately after credit cards.
The PayPal “Can’t Buy Me Love” Survey was conducted by Ipsos from December 12, 2007 to December 18, 2007 via email invitation to online panelists.
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technorati tags: valentines day, paypal, valentines survey
PayPal at last!
After my Widgetbucks application has been approved.. I called Union Bank's customer service and asked for my visa electron expuse number, they gave it to me.. logged on to www.paypal.com.. and now, my PayPal account is finally verified.
It was like 5 or 6 years ago when I got my first EON card.. a colleague of mine suggested that I can use it to purchase online. I actually didn't use it, I just thought having a visa electron card on my wallet looks cool, and I can show it off to other friends while saying "May ganito ka? Cyber Account? Wala ka nyaaaaan.." :)
Five or six years later, when PayPal announced the good news that the Philippines can now receive payments, and that Visa Electron is supported.. I've decided to give it another try. A week before Christmas I applied for my second cyber card, and called this morning for my expuse (expanded use) number, a 4 digit number needed in verifying a PayPal account and also a requirement to lift the $100 sending limit in PayPal. After waiting several minutes for an agent to answer my call, I finally received my expuse number and walah! I am now a verified PayPal user.. w00t!
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technorati tags: paypal, Union Bank, visa electron, cyber account