PayPal buys Fraud Sciences
January 30, 2008 – PayPal is bolstering its fraud management capabilities with the US$169 million purchase of Fraud Sciences, a specialist online risk management company. We view this as a solid move by PayPal as it continues to expand its online payments business and transaction security continues to be a major concern for consumers globally. Fraud Sciences claim to fame is a technology that differentiates between real and fraudulent online transactions with significant accuracy. Using this technology, Fraud Sciences offers a transaction verification service to manage online fraud. Fraud Sciences is funded by BRM Capital, Redpoint Ventures and other U.S. and Israeli investors.
Posted by Ali Raza on Wednesday, January 30, 2008