PayPal Password-Issuing Device Goes Beta Article

	1888 Articles Home \| Business Articles	Business RSS
PayPal Password-Issuing Device Goes Beta

This article describes about the new feature included in the paypal token which includes the beta version.

Author: Murray

Article Tools:

EBay’s PayPal unit has gone to public beta with its SecurityKey two-factor authentication unit, a product of its acquisition of Verisign Payment Services.

EBay is taking a loss by selling the devices for $5 to anyone who wants to participate in the public beta program, said Dan Levy, PayPal’s senior director of consumer protection. PayPal Business accounts can get the device for free.

Levy wouldn’t promise that the $5 price would be maintained after the program moved beyond the beta phase. “We’re looking at a few months’ worth of feedback,” Levy said.

In the contract Ebay signed with Verisign, it targeted purchasing a million of the tokens over three years. To put that number into context, PayPal alone has about 133 million customers and EBay has about 222 million registered users.

Clearly, PayPal does not intend for a significant percentage of its users to purchase the device. “We don’t think the typical consumer” will adopt it, Levy said. “The typical consumer already feels pretty comfortable with the security of our service.”

Source: Pcmagazine.com

About Author

Hi My name is John Parker and I m publishing articles on this ebaypaypalblog

Article Source: http://www.1888articles.com/author-murray-2672.html