Consumer Payment Card News

Extra Security

eBay’s PayPal has introduced a small electronic token that generates a unique security code approximately every 30 seconds. The new “PayPal Security Key” is used along with the member’s user name and password to prevent unauthorized transactions. The security key is part of the “VeriSign Identity Protection Network” and offers two-factor authentication. The “PayPal Security Key” has a promotional one-time fee of $5 for PayPal and eBay account holders in the U.S. For more information visit: “https://www.paypal.com/securitykey”:https://www.paypal.com/securitykey

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