Paypal Cancelled Hiring Hundreds of Staff in North Carolina Over New Law

When you vote in a new law, you should be careful just how much it will impact people. PayPal is well aware of this and in light of a new law in North Carolina, PayPal has cancelled the hiring of 400 people in protest a law that has just been passed in the state.

The new law was passed a few weeks ago and saw it discriminate against transgender people, forcing them to follow their “biological sex”. The new bill doesn’t stop there though with it stating that any local laws concerning employee rights and nondiscrimination practises are superseded by the state law alongside the fact that people cannot bring “any civil action” against the state for their new actions and that it is not considered discrimination to limit someone to a bathroom based on their biological sex.

While this law has caught the anger of many people and now PayPal has said enough is enough. CEO Dan Shulman says in a statement from the company that:

“The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal’s mission and culture.  As a result, PayPal will not move forward with our planned expansion into Charlotte.”

Not only does Shulman go on to say “everyone deserves to live without fear of discrimination simply for being who they are, becoming an employer in North Carolina, where members of our teams will not have equal rights under the law, is simply untenable”. Furthermore, Shulman states that not only will they now seek a new location for their office but they will “remain committed to working with the LGBT community in North Carolina to overturn this discriminatory legislation”.

PayPal is just one of many companies and even governments and agencies that are taking part in the action to get this law overturned, something that should never have been allowed through in the first place for many. With a large company like PayPal taking action like this and the new law getting the attention of the white house, we can only hope that the law is overturned as soon as possible.

Paypal Blocks VPN and UnoTelly Payments

Paypal is the default setting for a lot of people and companies when it comes to online payments, easy to implement and with a safety net of features people feel comforted by while doing online banking. With Paypal’s purchase of digital money company Xoom, it seemed like Paypal wanted to take all the money but they’ve now started blocking payments using the Candian company UnoTelly.

Under Paypal’s Acceptance use policy states that it cannot be used to send payments “for items that infringe or violate any copyright, trademark, right of publicity or privacy, or any other proprietary right under the laws of any jurisdiction”. UnoTelly offers smartDNS and VPN access, techniques which have been used to remove geo-blocks from websites, a technique that lets you watch or use sites that are often blocked in particular areas of the world. Copyright holders have often argued that VPN networks could be used to bypass copyright, enabling you to access and watch videos through services like Netflix in regions where the show is blocked.

The problem with this decision is that a lot of people, such as large businesses, use VPN’s for legitimate reasons and putting a blanket ban on VPN users making purchases through Paypal would surely only end with the services use declining.

Paypal Leaks Steam’s Upcoming Winter Sale Date

The Steam digital distribution client gained notoriety for deep discounts on a wide selection of games from niche indie titles to AAA blockbusters. Although, in recent years, the sales haven’t been as enticing and many people flock to third-party key resellers to acquire the latest games at rock bottom prices. Nevertheless, during any Steam event, there’s always some bargains to be found. As you might expect, Valve is planning a Winter Sale for the holiday period. Furthermore, The Dark Side of Gaming received an advert from Paypal leaking the sale’s date:

It’s not uncommon for Steam sale dates to be revealed beforehand, but it’s certainly an error on Paypal’s part. Unless, they want to inform people prior to the sale to purchase Steam gift cards. Whatever the case, December 22nd isn’t too far off and I cannot wait to see which games I can pick up for low prices. Sadly, it looks like there won’t be able flash deals, or daily deals due to the recent Steam Refund Policy. This does take away some of the excitement factor and I loved the countdown when new deals arrived each day.

$1m Crowdfunded Robot Dragonfly Crash-Lands

The company behind Robot Dragonfly, one of the earliest crowdfunding success stories, raising over $1 million via Indiegogo back in 2012, is in desperate financial trouble, leaving the project on the verge of collapse. TechJect, the team behind the Robot Dragonfly, which was available to backers for just $99, revealed that funds have dried up, blaming both Indiegogo and PayPal for not releasing money raised via the crowdfunding campaign in time.

“The Project has NOT stopped. We have held development forward until funds are replenished through sources (any source),” a post on TechJect’s Indiegogo page reads.

The Robot Dragonfly Indiegogo campaign was one of the most successful ever, raising 1,037% of its funding target, to the tune of $1,140,975, when it closed on 31st December, 2012. Constant delays to the development of the Dragonfly over the last three years, though, has made some backers irate, with TechJect revealing that there’s been “a lot of confusing statements and a lot of name calling,” asking backers “to realize these systems are at the end of the day people like everyone else [sic].”

In a message to disgruntled backers chasing a refund, TechJect directs them towards Indiegogo and PayPal, since it is them that is holding on to the funds. “There is no possibility of a refund through TechJect, first because our contracts are with PayPal and Indiegogo,” the team writes. “Your contract are with PayPal and Indiegogo, there is no direct contract between supporters and campaigns. All suits and cases have to be filed against either PayPal and Indiegogo and the rest of the information will flow through those channels.”

TechJect, however, insists that “The Project has NOT stopped.”

NCA Warning After Hackers Steal £20 Million from UK Bank Accounts

The UKs National Crime Agency have urged the people of Britain to ensure they take adequate measures of online security after a significant strain of malicious software allowed criminal hackers to steal an estimated £20 million from UK bank accounts.

The highly skilled malware developers are thought to be based in Eastern Europe. The details that are collected are then exploited to steal money from individuals and businesses globally. The NSA has reported one significant arrest in relation to the multi-million pound scam. However, only after thousands of computers had already been infected by the Dridex malware known as Bugat and Cridex, with the majority of computers being Windows based machines.

Computers can become infected with the virus when users open documents in emails they believe to be legitimate. I myself have recently received emails proclaiming to be from PayPal stating: “Your PayPal account has been limited! Take a few moments to confirm your information. After you do, you can shop online and send money using your account.” After checking PayPal directly (not through the given link) I establish that there was no such limitation on my account.

To avoid becoming an unwilling victim of the costly Dridex malware the National Crime Agency is encouraging all internet users to ensure they have up to date operating systems and anti-virus software installed on their machines, to protect themselves from further cybercrime attacks. The NSA also urged users to visit the CyberStreetWise and GetSafeOnline websites where they state there is a number of anti-virus tools are available to download to help clean up infected machines; these sites also are a great way to gain further advice on how to protect yourself in the future.

Mike Hulett, Head of Operations at the National Crime Agency’s National Cyber Crime Unit said:  “This is a particularly virulent form of malware and we have been working with our international law enforcement partners, as well as key partners from industry, to mitigate the damage it causes. Our investigation is ongoing and we expect further arrests to be made.”

What measures do you take to ensure your online security? Let us know down in the comments below.

Thank you National Crime Agency for providing us with this information.

PayPal Buys Digital Money Transfer Company Xoom

With just a few weeks away from its planned eBay separation, PayPal is already setting up the groundwork for international expansion as it recently announced that it would purchase digital money transfer provider Xoom for no less than $890 million. With Xoom boasting 1.3 million customers in 37 countries, it makes sense that PayPal would show an interest in the company. Xoom allows its users to transfer money easily via smartphones, tablets and desktop PCs, and it moved over $7 billion over the 12 months before last April. Once the merger is complete, Xoom will help create a new and separate service within PayPal.

Obviously, such a monumental deal is not going to be completed overnight, and it is still awaiting approval from Xoom’s investors and regulators. However, the purchase is expected to go through by year’s end. Regarding this bold acquisition, PayPal stated the following:

“Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base, increase customer engagement and enter an important and growing adjacent marketplace. Xoom’s presence in 37 countries – in particular, Mexico, India, the Philippines, China and Brazil – will help us accelerate our expansion in these important markets.”

Thank you Techspot for providing us with this information.

PayPal’s One Touch Feature Expands to Other Non-US Markets

PayPal introduced the One Touch feature last year when it first rolled out to mobile devices in the US. Retailers who already had a PayPal payment feature could switch automatically and allow customers to make payments without the need of entering their passwords again. This was ideal for people who wanted to quickly check out their products, but it was available just for mobile.

A month ago, PayPal launched the feature for the web in the US. This meant that you could log into a website, place everything you wanted in your basket and then quickly make a PayPal One Touch check-out. While no official stats have been disclosed, the feature seems to be so popular that PayPal now wants to make it available in other markets too.

The company said that it will make their One Touch feature for web available for Canada and the UK at first, but more countries are on the list. The mobile version is said to also be live in Australia, France, Italy, Sweden and Spain, with more countries being considered for the near future.

The move also comes after Apple announced that it is expanding the Apple Pay feature to the UK, so it’s likely that PayPal wants to join its service with Apple’s own payment feature once it gets released in other countries. Still, I think we will have to wait a bit longer for people to actually get comfortable with paying in stores with their iPhones.

Thank you TechCrunch for providing us with this information

Expect Irrevocable Robocalls and Texts With PayPal’s New Terms of Service

This Summer, PayPal is introducing new terms of service that allow the company to subject customers to compulsory robocalls and robotexts, and sell your details to third-party affiliates for the same rights. The terms, that take effect on 1st July, cannot be opted out of, and allow automated communications regarding everything from debt collecting and advertising to polling.

The relevant section reads:

“You consent to receive autodialed or prerecorded calls and text messages from PayPal at any telephone number that you have provided us or that we have otherwise obtained . . . . (PayPal) may share your phone numbers with our Affiliates or with our service providers, such as billing or collections companies, who we have contracted with to assist us in pursuing our rights.”

Since compulsory automated phone communications are outlawed in many countries, including the US and UK, it is unclear how PayPal plans to get away with this flagrant invasion of privacy, though maybe the terms are designed to take advantage of citizens of countries with more lax telephone policing policies.

PayPal later made a brief statement regarding the matter to Credit.com. Spokesperson Amanda Miller said:

“PayPal takes consumer protection very seriously and we have processes in place designed to ensure compliance with all collection laws.”

That certainly clears things up.

Thank you Credit.com for providing us with this information.

Image courtesy of The Next Web.

PayPal Fined $25 Million For Credit Program

Who remembers the “bill me later” option for Paypal? Not many I’m willing to bet, it didn’t last too long, and now we know why. It’s going to cost PayPal $25 million in fines after it was found to have signed people up to the scheme under false advertisements and sometimes without their permission or knowledge.

The bill me later option was created as a credit system, that means that when you bought something under it, a credit service would pay for your purchase and then the user would pay them back. However, PayPal is said to have signed up people to the service without their permission or knowledge (some people were using the feature without even knowing they had accounts) and even sometimes forced users to select PayPal credit instead of using the normal credit or debit card billing methods.

PayPal is even accused of incurring late fees and interest charges by mishandling people’s bills and accounts. Under the complaint filed by the Consumer Financial Protection Bureau (CFPB) some users weren’t aware of the accounts until they received statements stating late fees and interest charges, or in more severe cases calls from debt collection companies.

PayPal is now required to pay out $15m in reimbursements to consumers who were placed into the scheme or made purchases through it. A further $10m fine is to be paid to the CFPB Civil Penalty Fund, a fund set up to help pay out to victims when a company is unable to.

I was unfortunate to find this situation myself, after buying an item on eBay and being forced to select PayPal Credit (a scheme which at the time I didn’t even know existed) and then setting a date of a week later for the date of repayment. I did manage to find the pay early option through on the PayPal account page, after several minutes of searching through settings and records and was able to settle the payment within a matter of minutes. Looks like I was a lucky one.

Did you encounter the “bill me later” option? What is your experience with the option? Were you aware you were using a credit program that could bill you extra for payments missed?

Thank you The Verge and Consumer Finance for providing us with this information.

Image courtesy of WikiMedia.

 

PayPal Wants You to Eat Your Passwords

PayPal wants its users to abandon their lame passwords and start eating them instead. During a presentation called Kill All Passwords, PayPal’s Global Head of Developer Advocacy Jonathan LeBlanc said that the payment company wants user-generated security to become obsolete, replaced by biologically-integrated alternatives. PayPal even considers biometric security – such as iris scans or fingerprints – to be on the verge of becoming obsolete, branding them “antiquated”.

At the presentation, LeBlanc said, “As long as passwords remain the standard methods for identifying your users on the web, people will still continue to use ‘letmein’ or ‘password123’ for their secure login, and will continue to be shocked when their accounts become compromised.”

LeBlanc added that he is working with engineers and developers to find a more secure alternative that can be stored within the body – as LeBlanc puts it, “true integration with the human body” – which includes injectable, embeddable, and even ingestible devices.

The firm is experimenting with devices that can be inserted into the body, the most notable of which is a tiny aid that can be swallowed with a battery that is powered by stomach acid, that works in conjunction with measurable bodily functions, such as heatbeat and vein pattern recognition.

Though the technology is work-in-progress, LeBlanc says that PayPal has no timeframe for its implementation.

Thank you PC World for providing us with this information.

PayPal Offering £3 to Spend on Google Play Store in the UK

PayPal seems to be offering £3 as a Coupon Code for customers to spend on Google Play Store. All you have to do is open the promo offer page here, save the offer and have it added to your PayPal account, then go to the Google Play Store and make a purchase using PayPal as the payment method at check out.

“When a participating Eligible Customer pays with PayPal for a purchase on the UK Google Play store during the Promotional Period (“Qualifying Payment”), PayPal shall credit the Eligible Customer’s PayPal account with the amount of the Qualifying Payment up to a maximum of GBP 3.00 per Eligible Customer in total.”

PayPal isn’t known to offer free money out, but this might be your chance to spend some on that application you were so eager to buy for a long time. So if you are an Android user, this might be your chance to get it for free.

Thank you Android Police for providing us with this information

PayPal Pulls MEGA Support

PayPal has ceased supporting customer payments for MEGA as of Friday. A post on MEGA’s blog suggests that PayPal has refused to handle the cloud storage service’s transactions due to its presence in a NetNames report accusing it of being an illegitimate business, and subsequent pressure by Visa and Mastercard.

The blog reads:

MEGA is aware of a report published by NetNames (partially funded from the MPAA supported Digital Citizens Alliance) that incorrectly claims MEGA’s business to not be a legitimate cloud storage service. MEGA is aware that Senator Leahy (Vermont, Chair Senate Judiciary Committee) then pressured Visa and MasterCard to cease providing payment services to the companies named in that report.

Visa and MasterCard then pressured PayPal to cease providing payment services to MEGA.

Though PayPal later acknowledged that it considers MEGA to be a legitimate operation, it decided to maintain its embargo, citing the “unknowability of what is on the platform,” effectively penalising MEGA for using effective end-to-end encryption.

While PayPal continues to withhold its service, MEGA says it will not punish its customers over it:

Until new payment systems are implemented, MEGA will temporarily not enforce its storage limits or suspend any accounts for non-payment and has extended existing subscriptions by 2 months free of charge.

MEGA has 15 million customers across 200 countries using its cloud storage service. It was launched by web entrepreneur Kim Dotcom as a secure alternative to the likes of Dropbox, after the service gave the NSA access to user data through the PRISM initiative.

Source: MEGA

Uh Oh: Here Come the Steam Holiday Sales! Rumoured for December 18

According to a leaked email to a user on Reddit, Steam will be hosting its annual holiday sale starting December 18.

Last year, Valve hosted the Steam holiday sale on December 17 – so this isn’t too far away from what we usually expect. The news came from an email from PayPal Japan, and if it’s accurate, we should be preparing our credit cards now, and telling our partners, friends and family that we’ll be missing for a week or 10.

Source: Polygon.

FIDO, the Google-Backed Password Killer

Back in October, Google revealed a new USB key log-in system. The key, carrying a data fingerprint specific to the user, only replaced the standard authentication code, as part of Google’s two-step authentication, but it marks a significant step towards eschewing the typical username/password secure log-in.

On Tuesday, Google released version 1.0 of this system, called FIDO (or, Fast Identification Online). FIDO uses either a user’s fingerprint or PIN to create a unique data key that can be used to unlock the personal accounts.

FIDO support so far is sparse – PayPal and Samsung were early adopters – but the official launch of version 1.0 should see a sharp growth in FIDO-compatible sites, apps, and devices.

Source: The Verge

Next Steam Sale Reportedly Starts on Wednesday, Nov. 26

Everyone break out your credit cards and get ready to use those PayPal accounts! The next Steam sale is reportedly going to begin on Wednesday, November 26, though Valve still hasn’t publicly confirmed the date.

PayPal recently sent an email informing VG247 of the impending Steam sale, recommending it’s time to “stock up on Steam Wallet Codes from the PayPal Digital Gift Store.” PayPal wants customers to purchase PayPal gift cards, providing the opportunity to purchase discounted game titles easily. Video games can be purchased for family and friends using the gift cards, and account restrictions aren’t applicable.

It’s always possible PayPal is incorrect about the launch date, but with PayPal and Valve sharing a close working relationship, gamers should be able to assume the Wednesday launch date is correct – but confirmation could be coming soon.

Steam continually offers some games with varying discounts, but the Black Friday-timed event could yield even more deals. Are you excited – and ready – to bust open your wallets and purses during the Steam Sale? What do you hope to see on sale?

(Thank you to vg247 for providing us with this information. Image courtesy of Polygon)

eBay Could Be Considering PayPal Seperation

EBay Inc could still be considering a spin-off of their fast-growing payments unit PayPal, and it could happen as soon as next year according to tech news website The Information. The EBay shares jumped nearly 4 percent to $55.48 upon release of the news.

Potential candidates for the position of PayPal chief executive officer were told by EBay about the possible spin-off of the payments unit. The job got vacant when David Marcus left for Facebook back in June.

A PayPal spinoff would mark an about-face for the company, as EBay CEO John Donahoe has resisted demands by activist investor Carl Icahn to seperate the payments service, saying PayPal was integral to eBay’s business and that a split would not make any sense.

“The board will continue to assess all alternatives to create that long-term value and to enhance the growth and competitive positions of both eBay and PayPal. This position has not changed,” eBay spokeswoman Amanda Miller said.

Icahn backed down from his demand back in April, saying that while he supported a PayPal split in the near future, now was not the time. Investors however believe that an independent PayPal can grow by attracting other online retailers in direct competition with eBay.

It is still unclear if eBay actually has decided to spin-off all, or just parts, of PayPal, and what structure it could take on.

Thank you Reuters for providing us with this information.

Images courtesy of eBay.

 

eBay Rumoured to Soon Accept Bitcoins

The Ebay Inc owned PayPal are apparently in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system. Executives at PayPal, which owns the service that handles all the payments, have not struck any agreements yet, according to people familiar with the matter as saying.

A deal like this would be a huge endorsement for a virtual crypto currency. In general it has gained a wider acceptance with a slowly growing number of businesses accepting the virtual money. Some industry executives are still warning about the risks of an unregulated currency.

“We do believe that Bitcoin will play an important role in payments in the future, but we have nothing to announce,” eBay spokeswoman Jennifer Hakes said.

With a quote like that, we can assume that the auction and market platform eBay will accept digital payments very soon, perhaps even the entire PayPal range. The last one would be an overall game changer, as it would bring digital currencies to thousands of online shops, donation buttons and so much more.

Thank you Reuters for providing us with this information.

Images courtesy of eBay.

Bug in PayPal Renders Two-Factor Authorization Useless

Security blogger Joshua Rogers of Melbourne wrote a piece about PayPal’s two -factor authorization system at the beginning of June and discovered a pretty concerning bug in it. Anyone with it enabled, would be able to access the PayPal account by using a special login page designed for eBay.

Like any responsible person, he informed PayPal about the issue right away instead of publishing it. The exploit still works 2 month later despite his warnings, so he decided to go public with it now.

eBay’s function to link a PayPal account is the culprit here. When you’re setting up this service and are entering your login details, a cookie is set with your details and you’re redirected to confirm it. Once logged in that way, just go to the main PayPal page and you’re also logged in there. eBay’s special login page completely ignores any two-way factor authorization settings.

Joshua wrote that he could repeat the process unlimited times and even created a YouTube video demonstrating it.

Thank you Just Another Security Blog for providing us with this information

Image courtesy of PayPal

PayPal’s Two-Factor Authentication Gets Breached

It is widely recommended that you use Two-Factor authentication on as many accounts as possible because it is supposed to provide a secondary layer of security that makes it almost impossible to hack your accounts. Typically the second layer of security is a randomly generated code that can be generated by a text message, email or authenticator app on a smartphone such as Google Authenticator. However, it appears 2FA is not as secure as previously thought, at least not PayPal’s implementation of it. PayPal mobile apps cannot be used to access 2FA protected accounts because after the log-in procedure is conducted the lack of a supplementary code triggers a return signal to the main server to block access. However, it turns out that turning the phone into airplane mode and then reenabling connectivity to block that return signals allows you to gain access to the account without a 2FA code being required. Apparently the oversight occurs because during the login procedure a session token is provided which is not revoked by the returning signal because it gets blocked.

The security firm discovered the flaw on April 23rd and and received a response 2 days later. The security form announced there would be a public disclosure of the flaw on June 25th (yesterday) giving PayPal time to fix the issue. PayPal addressed the issue in a blog post claiming they have a temporary fix for the problem which effectively requires mobile app users to log in through the main website instead of the app thus meaning the the flaw can no longer be carried out.

Source: DuoSecurity

Image courtesy of PayPal

eBay Admits User Data Was Hacked Into – Two Months Ago

eBay, one of the most popular websites globally is urging users to change their passwords after it was discovered that their corporate network was attacked and a small number of employee login credentials was stolen. Following the discovery, eBay are stressing that no financial data was accessed and until users passwords have been changed, no activity is permitted on their account.

What is shocking however is the revelation that this attack happen two months ago in the late part of February to early March although they have said that the discovery of the unauthorised access was only made a couple of weeks ago after the compromised employee credentials was discovered. Additionally eBay has spoken out stating that they take customer privacy and security very seriously and they are performing a deep analysis into how the attack was performed and how the data was accessed, with the aim to ensure that this does not happen again.

Starting from now, each and every eBay user will be notified via email that they will need to change their passwords and that any associated PayPal accounts are also safe and secure as this is all stored securely on an encrypted network separate to that of eBay’s user databases.

Whilst users are in the process of changing their passwords, some users will face the error message as seen below whilst the eBay network is put under a very heavy load, however users are reassured that they can try again later and their accounts cannot be used until the passwords are changed.

Whilst this is one of the worst attacks to happen to the business, as with all sites we strongly advise that your passwords are changed on a regular basis and if you use the same password on other sites, you should look into changing these as well to prevent any further issues down the line.

 

PayPal President’s Credit Card Gets Hacked – Well Deserved?

PayPal is a bit like Marmite (Yeast Extract/Vegemite depending on where you are in the world), you’ll either love it or hate it. If you’ve spent any amount of time involved in internet shopping (or internet selling) you’ll have heard all the horror stories about PayPal freezing people’s accounts for no reason, sometimes even shutting people out of their own accounts and then expecting people to provide a wide range of personal documents to fix PayPal’s mistake. People’s accounts have been frozen for days, weeks, months and in some extreme cases even years. Why do PayPal do it? Who knows? Suggestions range from them trying to earn interest on frozen balances to them having genuine security concerns with certain accounts.

Well it seems PayPal have had a bit of Karma bestowed on them as their president, David Marcus, had his credit card cloned in the UK. Since then the fraudster has gone on a spending spree and run up huge bills on the credit card. Though the Karma is a bit short lived when you realise that PayPal would have prevented the problem from occurring since PayPal masks card numbers during a transaction effectively making “skimmers” (devices that clone cards) useless. Although it’s worth noting most credit card companies would also fix the problems that result from credit card fraud so either way David Marcus won’t be losing any money.

Image courtesy of Businessinsider.com.au

Twitter Hiring Marketing Specialists, Twitter Commerce Platform Confirmed?

Recent rumors point to a new ‘Buy’ button and Twitter Commerce feature, but lack of confirmation did not have a huge impact on its credibility. We now learn that the marketplace-style project might become a reality with new positions surfacing at the social media company.

Twitter posted job ads for people with experience in commerce services, marking it as one of the rare moments that the social media giant reveals what is planning to do according to recent rumors. The roles available are for a commerce product manager, a commerce product marketing manager and a senior manager for commerce partnership, as Tech Crunch specifies in an article.

“We’re hiring an experienced marketer for a PMM, Commerce role: https://twitter.com/jobs/positions?jvi=osOcYfwa,Job … Help build Twitter as a shopping discovery platform!” Twitter marketing official, Bryan Sise, posted in a tweet.

There is no clear information regarding a payment method, though Stripe and PayPal were mentioned as ‘to be considered’. Twitter seems to also focus on a link between the advertising sold on the Twitter platform and the goods which will be sold on Twitter, according to the product marketing manager role posted.

There is also more questions unanswered as to what products will be sold on Twitter. Though, we can expect to see third-party associates as well as Twitter specific content being available as per the description of the jobs recently posted.

Thank you Tech Crunch for providing us with this information

PayPal Worried About Apple’s Payment Method, Attempts To Stike Partnership

Having recent news reveal Apple’s initiative to extent into the mobile payment system, it seems that PayPal was not ignorant to the extensive plans of the iPhone maker giant. PayPal wants a part in Cupertino’s project, according to news from Re/Code.

Sources from Re/Code state that Apple is capable of releasing a mobile payment system without PayPal’s help, but they could not rule out the possibility of some type of partnership between the two companies. Apple is allegedly focusing on the iPhone for its mobile payment system, though details on how the phone will process payments is not known.

Having looking for clues, we see that recent patents point to iBeacon, having recent changes point to the use of NFC and Bluetooth. Apple recently deployed iBeacons throughout its retail chain of stores, while retailers like American Eagle and Safeway are experimenting with the technology in limited trials.

Looking at the big picture, it all adds together, having Eddie Cue meeting a while ago with industry executives “to discuss Apple’s interest in handling payments for physical goods and services on its devices.” and Tim Cook’s confession during the earning conference call that the mobile payment area was “one of the thoughts behind Touch ID” in the iPhone 5s.

Thank you Macrumors for providing us with this information

PayPal Support Added to PS3 PlayStation Store

PayPal payments were introduced to Sony Entertainment Network in January, but users previously would have been required to use a PC to transfer funds from PayPal to their Sony Entertainment Network accounts. Today, Sony introduced PayPal as a form of payment when adding funds to wallets on the PS3 PS Store, meaning users can top-up their accounts straight from their consoles.

“Adding funds to your Sony Entertainment Network wallet through PayPal is easy on PS3,” explains Sony. “When checking out from the cart on PlayStation Store, click ‘Add Funds’, then click ‘PayPal’ and transfer any amount from $5 to $150 (the maximum wallet balance amount). If you’re new to PayPal, you’ll have to set up a PayPal account first to use this option.”

There’s still a $5 – $150 cap on the amount you can add to your wallet, so users can’t exactly go on a shopping spree, but at least they now have even more flexibility to drain that checking account. Sony Entertainment Network wallet can be used to purchase games, add-ons, movies, TV episodes, and more from PlayStation Store.

You can find the official statement on Sony’s official blog. Sony is also ready to launch the new PlayStation 4 console on November 15 in US and November 29 in Europe and Latin America.

Thank you Endgadget and CVG for providing us with this information.

German Security Provider Says 750 PayPal Phishing Sites Are Created Daily

PayPal phishing schemes drive me mad. I probably get about 5-10 emails everyday across my various work and personal email accounts from phishing sites trying to trick me into handing over PayPal details. A German email security provider has shed light on why this is such a frequent occurrence. Apparently everyday an average of 750 new PayPal phishing sites are set up. By simple math that means we see 22,000 of these rotten things every month and 270,000 in the average year.

Most of these Phishing pages are hosted on legitimate websites that have been compromised by cybercriminals so spotting a phishing site may not often be as obvious as you think, although if it isn’t on PayPal.com then it should be pretty obvious.

“The online payment service PayPal is not only one of the most popular online payment methods, but also a preferred target for phishers: PayPal regularly tops the lists of phishing topics worldwide. Every day, an average of 750 newly compromised websites are targeted primarily at PayPal users, according to numbers from Commtouch’s GlobalView URL filtering database – resulting in more than 22,000 new sites per month and 270,000 sites per year. The sites are usually legitimate websites that are compromised through security flaws. The findings highlight the need for hosters and website owners to protect their sites and for users to deploy an effective Web security solution.” Stated Eleven Research.

Image courtesy of Eleven Research

Google Ending Its “Checkout” Payment Service In Favour Of “Wallet”

We brought you the news of Google integrating its “Google Wallet” service into Gmail a few days ago. Now it seems that the rise of the Google Wallet service will be associated with the demise of the Google Checkout service.

Google is reportedly shutting down Google Checkout, the payment service that never really took off as it was always overshadowed by PayPal. In the next 6 months Google Checkout will be totally scrapped in favour of a sole focus on Google Wallet. The exact date for receiving (or sending) the last payment by Google Checkout is November 20th 2013.

Existing users of the Google Checkout service will be switched over to the Google Wallet service but this does not offer a true alternative in itself. This is because Google Wallet does not provide payment processing but a authentication and a front-end for buyers.

For merchants selling using Google Checkout, they are encouraged to switch to alternative payment processing methods like Braintree, Shopify and Freshbooks – all of which Google have arranged a special discount with for moving Google Checkout users.

For more information about what the Google Checkout closure could mean for you, see here.

Source, Via