PayPal spends US$169m on risk management firm
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