Using PayPal Just Got Safer
Here’s some good news for you online shoppers, or anyone really who uses PayPal as a method of payment. Today the eBay owned online payment company, PayPal, announced that they have extended their deal with VeriSign, and will introduce a new authentication process mobile phones.
PayPal users are now able to make their accounts more secure by either using a portable token or providing PayPal with a code that is sent to the user via text message.
In either case, the user will have two pieces of login information, which is their user-name plus password, in addition to the new security key. Basically, it is an extra layer of protection, and should help to curb identity related offences through PayPal. The service is currently available to any US PayPal member who wishes to sign up for it.
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