Displaying items by tag: PayPal

Thursday, 17 April 2008 04:05

PayPal action from ACCC to be watched globally

When auction site eBay Australia announced last week that it would only accept online payments through its PayPal system from June 17 it set the global blogosphere alight - for all the wrong reasons. Global eBay users, both sellers and buyers, worried that Australia is just a test market for a worldwide rollout, are thus watching keenly as regulator the Australian Competition and Consumer Commission (ACCC) examines the eBay action.

Published in Beerfiles
eBay’s transaction processing business unit PayPal has agreed to purchase the Israeli company Fraud Sciences Ltd for $US 169M to enhance the detection of fraudulent transactions.  Fraud Science’s technology allows the automated analysis of transactions to determine unusual, and hence possibly fraudulent, usage.

Published in Home Tech

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