Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 5, 2008 11:12:32 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Now PayPal Is Everywhere MasterCard Is

Posted Nov 20, 07 10:16 AM CST in Technology,  Business 

(Newser) – PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction," says a PayPal exec. "And it's just another PayPal purchase to the customer."

The service offers increased fraud protection in an effort to help curtail phishing—fake emails trying to trick people into giving up their financial information. Secure Card has been tested by 3 million PayPal users in the last year and becomes available to all US customers today. "It just makes shopping easier and safer," said a PayPal official.

Source Reuters

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
an eBay employee waits outside a building on the eBay campus. (AP Photo/Tony Avelar)   (Associated Press)
PayPal lanyards on display at are seen at eBay Inc. headquarters in San Jose, Calif., Wednesday, Oct. 17, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
eBay, PayPal and Skype pens are seen on display at eBay Inc. headquarters in San Jose, Calif., Wednesday, Oct. 17, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
A PayPal screen capture.   (Wikimedia Commons)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 1)

Tags

Internet  • eBay  • Internet security  • shopping  • online retailers  • phishing  • PayPal  • MasterCard  • online fraud


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »