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eBay & VeriSign Band Together to Make the Big Bucks
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Written By Reprise Media | October 11, 2005 | Share This
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eBay has announced it’ll be partnering with VeriSign’s online payment service as part of a $370 million deal that will help its merchants manage and process online transactions and eBay expand its offering to more small and medium-sized customers.
The auction giant will also be partnering with VeriSign on a number of new security initiatives, including a program that will give customers one-time passwords or digital certificates in the hopes of preventing identity theft. The program will roll out sometime next year.
PC Magazine has more.
Read our coverage of last month’s eBay/Skype acquisition here.
Topics: Investment, M&A |
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It’s very good for the eBay and paypal users ! I readed somewhere that Security has always been a costly issue for PayPal as they require a large team to deal with fraud. Maybe Verisign’s solve this problem !!!