Feeds

PayPal buys VeriSign payment unit

Token effort

Bridging the IT gap between rising business demands and ageing tools

Paypal is paying $370m for VeriSign's payment portal business.

It will incorporate the portal with its merchant services to better target small and medium businesses. The payment gateway provides a way for merchants to add simple, scalable payment pages to their websites. Verisign claims more than $40bn in transactions went through the portal in 2004.

VeriSign is also providing PayPal, and parent company eBay with security services.

eBay and VeriSign have also signed a multi-year agreement which will see eBay buying up to two million two-factor authentication tokens. This will be offered to eBay and PayPal customers in 2006. It is expected to generate an extra $100m incremental revenue in 2006.

The acquistion will be paid for in cash and/or eBay shares and is subject to the usual shareholder and regulator approval - it should close in the last quarter.

Read the press release here. ®

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.