PayPal to Acquire VeriSign’s Payment Gateway
Monday, October 10th, 2005eBay announced that PayPal will acquire Verisign’s payment gateway business while Verisign will provide eBay and PayPal with a suite of security services.
eBay announced that PayPal will acquire Verisign’s payment gateway business while Verisign will provide eBay and PayPal with a suite of security services.
CardSystems let hackers get ahold of 200,000 consumer credit card accounts. They say they’re finally starting to comply with the rules all other merchants and credit card processors are required to follow.
Online merchants pay higher discount rates to accept credit cards, but they shouldn’t since they bear most of the burden of fraud anyway.
CardSystems has allowed 40 million credit card accounts to be compromised due to flagrant violations of the rules for storing account information.
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