Archive for Paypal

Paypal hands over 1,000 IP addresses of Anonymous attackers

Posted in Paypal by Conner Flynn on July 31st, 2011

Remember when Anonymous had a beef against Paypal last year for freezing Wikileaks‘ account and launched DDoS attacks against the billing and payment company? Well, some of the attackers have left behind enough information to be traceable. And now Paypal has handed over a list of 1,000 IP addresses to the FBI.

There’s no way to know whether the list of IP addresses are just a dump of attacking systems or whether Paypal’s investigation actually turned up some indication that these thousand IP addresses were orchestrating the attack. They have alluded to the notion that the addresses they handed over are some of the IPs that sent the most data.

PayPal Vending Machine

Posted in Paypal by Conner Flynn on October 27th, 2010

Well if PayPal is the modern way we use money then we are going to need new vending machines. This PayPal vending machine on exhibit at the PayPal X Innovate 2010 developers conference was spotted by Adam Flaherty over at the MAKE website.

The prototype was designed by Ray Tanaka and his team from PayPalLabs using a mechanical candy dispenser, a couple of Arduino Duemilanove, a WiShield, relay, proximity sensor, and LED display. Today gumballs and maybe soon you might be buying sodas and who knows what else from a PayPal vending machine.

PayPal looking to replace Credit Cards in stores

Posted in Paypal by Conner Flynn on August 17th, 2010

PayPal is already the king of digital money transactions on the Internet and now it is looking to broaden its market by taking on the credit card merchants in stores. In an interview with the Wall Street Journal Paypal president Scott Thompson called the initiative a “top priority” and said “The tide is coming in and we will take advantage of that,”

With its 220 million active users PayPal is now looking to remove cards and the middle man completely and create a payment gateway that powers the point-of-sale itself.

PayPal in talks with Google about Android payments

Posted in Paypal by Conner Flynn on August 14th, 2010

PayPal is in talks with Google to add PayPal as a payment method for the Android Market. Apparently Google wants to make paying for apps as easy as possible for Android users so they can start shifting apps. As it stands, you can buy apps through Google Checkout and sometimes using carrier billing.

Both options are fine, but not popular. Using PayPal as a payment option would likely open the flood gates and move a ton of apps. On the other hand, PayPal currently powers Blackberry App World, illustrating the point that no matter how easy it is to buy apps, people still need good apps to buy.

PayPal offers in-app payments for Android

Posted in Paypal by Conner Flynn on May 22nd, 2010

PayPal just launched its Mobile Payments Library for the Android OS, allowing developers to include in-app payments into their software without having to worry about keeping customers’ personal financial information secure. This means that soon you’ll be able to make PayPal transactions on your Android device without having to leave the application that you’re using.

This is pretty convenient for Android users. You can even purchase a pizza using PayPal as illustrated in the image above. But does this in-app PayPal payment method violate the Android Market Content Policy for Developers? It states that “developers should only charge for applications and downloads from Android Market through the Market’s Payment Processor”.

PayPal 2.0 “Bumps” money between iPhones

Posted in Paypal by Conner Flynn on March 17th, 2010

PayPal has released an update for its iPhone/iPod Touch app. You can now “bump” money from your PayPal account into a friend’s if they are close by. If you both have PayPal accounts, you don’t all need iPhones to “bump” your money. You can still send money the traditional way by loading up the app and entering an email address, or choosing from a recent contact.

But if you have two iPhones running PayPal, it’s easier to set a dollar amount, move them close, then confirm that the “bump” means you’re transferring that cash.

PayPal Security Key Protects Phishing Attacks

Posted in Paypal,Security by Paul Patterson on January 15th, 2007

PayPal Security Key Protects Phishing AttacksPayPal is strengthening its defenses with the aid of a new Security Key. The PayPal Security Key is a small, portable password-generating key fob that was developed in conjunction with VeriSign to help protect your PayPal and eBay accounts against phishing attacks.

The device works by assigning a unique six-digit security code each time you log in to your account. You will continue to use your regular user name and password to authenticate, but you also enter the security code that the device displays. The code is synchronized with a server at the time of authentication to verify that the code is the same. Once you are finished, the code expires.

The device will give PayPal an additional and much-needed layer of protection. While not foolproof, it should help thwart phishing scams which have been a serious problem for PayPal customers.

The …

Paypal Increases Security With Key Fob

Posted in News,Paypal,Security by Darrin Olson on January 12th, 2007

Paypal increases security with key fob password codes.Ebay and Paypal are gearing up to offer customers an increased security measure when logging into their Paypal account to further avoid data theft from phishing scams.

In the near future, password generating gadget can be used in conjunction with existing login credentials when signing into a Paypal account. The key fob generates a new 6-digit password about every 30 seconds. This password is synchronized with a server that verifies that the every-changing code is the same at the time of authentication. Verisign currently offers the same type of two-factor authentication security to customers through their Unified Authentication Token product.

Phishing scams involve a would-be thief making a site that appears exactly like a legitimate site such as Paypal, and then sending out spam emails drawing people to the fake look-a-like site, and asking consumers to “verify” their login …