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Paypal buys Fraud Sciences

January 29th, 2008 · No Comments ·

EBay’s Division of online payments, PayPal will pay $ 169 million for an Israeli security forces businesses specializing in the detection of fraud online businesses, on Monday. The transaction must, within 30 days.

Sciences fraud, a private company, has developed a technology to make a distinction between genuine and fraudulent transactions. This technology is folded PayPal fraud prevention systems functions, as “considerable” improvement this year, eBay said.

Fraud Sciences’ Chief Operating Officer, Barak and Yossi Shaked Shvat founder and Saar Wilf moves PayPal, technology and the management team of fraud.

PayPal allows two users money online via e-mail. The ease with which money, it can also be one of the most targeted for fraud phishing, where fraudulent websites imitates real websites set up for people to fly Log-In details.

Tags: Business · Internet

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