PayPal spends US$169m on risk management firm

by admin January 28, 2008 at 5:50 pm

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Online payment company and eBay subsidiary PayPal has acquired Israeli online risk management company Fraud Sciences.

The value of the sale is about US$169m. Fraud ScienceÃ¢â‚¬â„¢s risk tools and analytics will be used to enhance eBayÃ¢â‚¬â„¢s and PayPalÃ¢â‚¬â„¢s proprietary fraud management systems.

Fraud SciencesÃ¢â‚¬â„¢ ground-breaking technology differentiates between real and fraudulent transactions with unprecedented accuracy, according to the Tel Aviv-based firm.

Read more: siliconrepublic.com

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