Flaw found in PayPal two-step authentication
ChainStoreAge.com - Jun 26th 2014, 11:17
California – Researchers at computer security firm Duo Security have discovered a flaw in the two-step method PayPal uses to authenticate account-holders.
The flaw involves a temporary security key PayPal users can generate with a personal device as an additional step, along with their password for account login.
Working properly, this second step requires a hacker or fraudster to have physical access to a user’s personal device, as well as access to their password. However, Duo researchers discovered that experienced computer programmers could exploit vulnerability in how the PayPal mobile app communicates with the PayPal server to bypass the security key and gain account access using only a password. The flaw does not apply to desktop logins.
PayPal has issued a temporary patch for the problem and says users should not be at risk since it uses many other fraud prevention and detection methods beyond two-step authentication.
South Africans are expected to spend R45 billion shopping online this year
10/09/2018 - 11:27
PayPal and research group Ipsos have released their latest e-commerce report, showing the biggest online shopping trends in South Africa, and what is expected in the market over the next few years.
Mobile commerce on the rise in SA
04/04/2018 - 10:46
Online shopping is on the rise in South Africa. PayPal recently released data about mobile phone usage and mobile eCommerce at the Seamless Africa Conference in Cape Town last month. The research revealed South Africans spent R37.1 billion shopping online in 2016, an increase of nearly 30% from the previous year.
PayPal debuts credit card targeting brick-and-mortar shopping
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PayPal Holdings is turning to its old nemesis, plastic, to help it expand beyond the digital realm.
PayPal and Mastercard expand partnership
08/09/2016 - 10:13
PayPal and MasterCard announced an expansion on their existing partnership that will enhance the consumer experience making MasterCard a payment option within PayPal. It will also enable MasterPass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale.
Petco opens new DC to keep pace with expansion - USA
12/05/2016 - 14:45
Petco is expanding its store portfolio and distribution center network.