Trending

Filed under: News | Technology News

 

PayPal Promises to Revamp Fraud Filters

PayPal promises no more guilty until proven innocent

Jan 22 2013, 1:03pm CST | by

8 Updates
PayPal Promises to Revamp Fraud Filters
 
Buy PayPal from Amazon Cyber Monday and Black Friday Now
 

YouTube Videos Comments

Full Story

PayPal Promises to Revamp Fraud Filters

If you have a PayPal account and have ever found yourself with a locked account in accuser fraud, you know how incredibly complicated it can be to get your account unlocked. Since PayPal launched its operated on a guilty until you can prove yourself innocent basis. The online payment site routinely locks accounts preventing people from accessing their money for 21 days.

PayPal has the option to extend that lockout to 180 days. The documentation requested to unlock an account was often more than many legitimate users could provide. PayPal routinely wanted things such as several months worth of sales records and receipts. The problem was if you were selling a product or shipping items, often users had none of this documentation.

PayPal senior director of communications Anuj Nayar says that major changes to the way PayPal operates are coming. He said, "These are not minor -- these are aggressive changes." Nayar also says that PayPal will be more transparent with explanations as to why the funds have been frozen and how they can get their funds unfrozen.

 

You Might Also Like

Updates


Sponsored Update

Update: 8

Samsung Galaxy S5 fingerprint scanner 'hacked', PayPal defends biometrics

Source: NDTV

World Leaders Gather For Nuclear Security Summit 2014
A German Security Research blog showcases the 'spoofing' of Galaxy S5's fingerprint scan ...
Source: NDTV   Full article at: NDTV 3 hours ago
 


Advertisement


Update: 7

Samsung Galaxy S5 fingerprint scanner hacked using a “dummy finger”

Source: BGR.in

PayPal President
It has barely been a week since the Samsung Galaxy S5 hit stores in more than 125 countries, and already one of its newest features is under the scanner. The flagship device’s fingerprint scanner has been hacked, which invariably also puts a user’s PayPal account at risk. German security blog H Security has found a way to spoof the fingerprint scanner using a lifted print. So essentially, by picking up the print from the scanner, the group was able to make a dummy ...
Source: BGR.in   Full article at: BGR.in 3 hours ago
 

More From the Web

Update: 6

Did The Jeff Jarrett Incident Become Physical?, Details

Source: Pro Wrestling.com

Cleveland Cavaliers v Boston Celtics
UPDATE x 4: You know when an anonymous source is speaking up, it’s time to pay attention and take it as gospel, right? Well, one has spoken up in regard to the Jeff Jarrett/Ian Rotten situation and said that it never happened, at least in terms of the physical altercation. To be fair, this one does have some circumstantial facts to back them up. As you may recall, the report suggested that Jarrett got physical with Ian Rot ...
Source: Pro Wrestling.com   Full article at: Pro Wrestling.com 10 hours ago, 5:55pm CDT
 

Update: 4

Consumer Reports: Vacation Home Scams

Source: NBC Miami

PayPal President
Consumer Reports says beware of vacation rental scams that can pack a very nastysurprise. Criminals are hacking into the email accounts of owners of rental properties, and defrauding renters out of a lot of money. Here’s how one scam works. Thieves hack into the email of property owners listing their properties on popular vacation rental sites like VRBO.com. The thieves pose as the owner and send forged contracts to potential renters, tell ...
Source: NBC Miami   Full article at: NBC Miami 10 hours ago, 5:17pm CDT
 

Update: 3

The Galaxy S5's fingerprint scanner can be tricked just like the iPhone's

Source: Tech.co.uk

Landon Donovan Samsung Galaxy 11 Media Day
You'd think Samsung might have learned from Apple's mistakes when it comes to fingerprint technology - but you'd be wrong.Just as the iPhone 5S's fingerprint scanner was fooled by hackers mere days after the phone's release, the Samsung Galaxy S5's has already been tricked as well - and with the exact same method.Just like the iPhone's sensor, the Galaxy S5's fingerprint-based ...
Source: Tech.co.uk   Full article at: Tech.co.uk 12 hours ago, 3:45pm CDT
 

Update: 2

The plot to kill the password

Source: The Verge

Landon Donovan Samsung Galaxy 11 Media Day
Last Friday, Samsung's new Galaxy S5 arrived with an unexpected and underhyped feature. Like the iPhone 5S, it came with a fingerprint reader, but this reader plugs directly into PayPal, which in turn connects you to dozens of different payment systems. It’s a clever trick: instead of a password, all you need is a fingerprint, carrying you through the entire web. If it catches on, soon you won’t need a password at ...
Source: The Verge  Full article at: The Verge 14 hours ago, 1:41pm CDT
 

Update: 1

Galaxy S5 fingerprint scanner has been hacked, PayPal users at risk

Source: Digital Trends

PayPal President
The Samsung Galaxy S5's fingerprint scanner has already been hacked using the same method used to hack the Touch ID sensor on the iPhone 5S. However, because the Galaxy S5's fingerprint scanner can be used with PayPal, this hack poses quite the risk.The post Galaxy S5 fingerprint scanner has been ...
Source: Digital Trends   Full article at: Digital Trends 15 hours ago, 12:20pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

3 Next Gen Sports Marketing Solutions
3 Next Gen Sports Marketing Solutions
It’s just speculation, but I suppose the press and panel formula at the IMG World Congress of Sports (WCS) is modeled on technology conferences and not the typical sports conference event. That’s okay, we know that...
 
 
Exotic Hadron Particles Discovered
Exotic Hadron Particles Discovered
The presence of exotic hadron particles within the particle accelerator at CERN has baffled physicists. They have been discovered within the complex equipment much to the surprise of the scientists.
 
 
Project Ara modular phone will be available in January next year
Project Ara modular phone will be available in January next year
Google has announced the projected availability of its ambitious Project Ara modular phone.
 
 
Miley Cyrus is in the Hospital
Miley Cyrus is in the Hospital
Pop sensation Miley Cyrus got hospitalized and had to cancel a concert in Kansas. She tweets from the hospital bed.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013