DVD & BLU-RAY
PayPal Picks Up Fraud Sciences
Author: Rafe Telsch
published: 2008-01-28 21:35:07
The New York Times reports that PayPal is paying $169 million for Fraud Sciences, an Israeli-based security firm that specializes in Internet fraud. The company developed technology to distinguish genuine and fraudulent online transactions. PayPal will adapt the technology to work in conjunction with their already existing antifraud systems.
Although the transaction has 30 days to close, itís unlikely there will be any resistance to the deal, which can really only benefit both PayPal and its users.