PayPal offers secure way to shop non-PayPal sites

PayPal, the payments service arm of on-line auction leader eBay Inc, is set to release on Tuesday a convenient way for its customers to make payments on Web sites that don’t accept PayPal directly.

The new software utility, called the PayPal Secure Card, recognizes when a user lands on an e-commerce checkout page and automatically helps the user fill out the payment form in a secure way that also offers stepped-up fraud protections.

It answers an innovation by Google Inc, which a year ago introduced Google Checkout, which stores financial details to make shopping more convenient, analysts said.

Through a partnership with credit card issuer MasterCard Inc, Secure Card generates a unique MasterCard number each time a PayPal user arrives on an e-commerce sales checkout page that does not otherwise accept its payments.

“From a merchant’s perspective this looks like any other MasterCard transaction,” said Chris George, director of financial products for PayPal. “And it’s just another PayPal purchase to the customer.”

Secure Card has been tested by 3 million PayPal customers in the past year. The plug-in will be available to U.S. customers on Tuesday, with international customers to follow.

Source: Yahoo News

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This entry was posted on 19/11/2007 at 05:00 pm and is filed under PayPal, Google, Security, Technology News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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