Latest PayPal News: Finextra Research

PayPal to acquire online risk outfit Fraud Sciences

Person-to-person payments outfit PayPal is acquiring Fraud Sciences, an Israel-based developer of online risk tools, for $169 million.

28 January 2008

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Phishers targeting phishers

In a new twist, would-be fraudsters are being scammed by a gang offering free do-it-yourself phishing kits on the Internet, says e-security outfit Netcraft.

25 January 2008

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Natwest most targeted by phishers

Natwest is the financial institution most targeted by phishing fraudsters, according to a study conducted by UK anti-spam outfit Clearmymail.

23 January 2008

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Jump in adoption of alternative payment methods

Around 30% of US online retailers now offer customers the option to use alternative payment methods (APM) - such as Google Checkout, PayPal and Bill me Later - which is a 25% increase since February 2007, according to a poll conducted by interactive marketing firm Brulant.

16 January 2008

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Amazon invests in Bill Me Later

US e-retailer Amazon has made an undisclosed equity investment in alternative payment scheme Bill Me Later and is adding the instant credit service to its online shopping sites.

13 December 2007

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PayPal launches mobile checkout service in Australia

PayPal has released Mobile Checkout - which enables customers to pay for purchases using Web-enabled phones - to account holders in Australia.

23 November 2007

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PayPal set to roll out virtual card payments system

Ebay subsidiary PayPal is gearing up to launch a 'virtual card payment system' which allows surfers to pay for purchases on Web sites that don't accept Paypal services directly.

19 November 2007

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Paypal opens online shopping site for Christmas

PayPal, the online payments business of electronic auction house eBay, is targeting online shoppers in the run up to Christmas with the launch of a shopping Web site that offers cashback and discounts on purchases.

15 November 2007

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EBay in microfinance initiative

Electronic auction house eBay has launched MicroPlace, a Web site that enables US customers to invest in microfinance projects aimed at helping people in the poorest parts of the world.

26 October 2007

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MFoundry raises $15m in series c financing

California-based mobile banking outfit mFoundry has secured $15 million in a series c financing round led by handset manufacturer Motorola and including strategic investors PayPal and NCR Corporation.

24 October 2007

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Shift to alternative payment options as online transactions soar

The number of online transactions will more than double to reach $355.2 billion by 2012, according to a US study released by Javelin Research & Strategy which also predicts increasing take up "alternative payment methods" such as PayPal.

26 September 2007

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Amazon introduces Web payments application for developers

US e-retailer Amazon is launching a Internet-based payments package that enables Web developers to create applications that utilise its online payments processing infrastructure.

03 August 2007

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