PayPal spends US$169m on risk management firm

by admin January 28, 2008 at 5:50 pm

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 Science’s risk tools and analytics will be used to enhance eBay’s and PayPal’s proprietary fraud management systems.

Fraud Sciences’ ground-breaking technology differentiates between real and fraudulent transactions with unprecedented accuracy, according to the Tel Aviv-based firm.

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