PayPal Buys Fraud Sciences for $170 Million

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PayPal Buys Fraud Sciences for $170 Million

01-29-2008, 11:04 AM,

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mandy Offline

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PayPal Buys Fraud Sciences for $170 Million

Quote:eBay's PayPal unit will acquire the software firm Fraud Sciences for $170 million. The move could help boost confidence in the online payment industry and in the parent company's online auctions. Based in Tel Aviv, Israel, and founded by former members of Israel's intelligence agency, Fraud Sciences gives merchants online tools to help them verify the identity of buyers, a key issue in both online auctions and in other parts of e-commerce -- particularly when more and more purchases come from overseas buyers...

full article: http://ecommercetimes.com/story/PayPal-A...61408.html

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