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Articles tagged with: paypal

PayPal Gives 1,000 Anonymous IPs To FBI

PayPal was attacked last year by an Anonymous Group of hackers after PayPal froze the account of Wikileaks. After such long period, PayPal has finally decided to take action against the hacking attempt.

The hackers left behind sufficient data to be traced. PayPal has given FBI a list of 1,000 IP addresses. PayPal has declared that these IP addresses were linked to the hacking which occurred last year.

Nobody knows how useful the IP addresses, for tracking the hackers might be. As the attack was Distributed Denial of Service (DDoS)

eBay Gets Aggressive With Social Strategy

Looks like eBay is head to toes in their new e-commerce project, X.Commerce. That’s why eBay has now procured the two leading platforms in the e-commerce industry, Magento and GSI Commerce.

Paypal which is now a subsidiary of eBay, earlier this year merged their programming interface and developers with that of eBay for a joint venture, X.Commerce. X Commerce is a cloud based toolkit that allows businesses to innovate the e-commerce industry.

Online Shopping Glitch Lets Customers Shop For Free

Online shoppers in New Zealand were stocking up on incredible electronic bargains after a glitch on the Dick Smith website let users purchase items at no cost.

Dick Smith were forced to temporarily take down their New Zealand homepage after online shoppers were able to purchase goods, prompted to pay nothing but the cost of postage and handling. Only the New Zealand website was affected, and shoppers using the Australian site were able to continue shopping as usual, albeit without the super-sale prices.

eBay Inc. Acquires Zong

eBay said this morning that it is acquiring Zong, a venture-backed mobile payments provider, for about $240 million in cash.

Zong works with more than 250 mobile network operators worldwide, offering localised payment services on a user’s mobile phone or PC through their carrier billing. Consumers have to enter their mobile phone numbers and then, in a matter of seconds, Zong verifies that number and clears the payment on the customer’s existing wireless service account.

PayPal Hits 100 Million Active Users

Paypal has just reached over 100 million active users. PayPal has been grabbing about 1 million active users each month, although the term ‘active’ was not defined by them, I would guess the term to mean any activity within the past 30 days, though PayPal could have meant past 6 months, or one year.

PayPal joined eBay on October 3rd of 2002 and now accounts for 30% of eBay’s total revenue. In the first quarter of 2011, PayPal earned $1 billion in revenue for eBay (these are profits taken from every PayPal transaction that occurs on eBay).

Members Of Anonymous Hacking Group, Arrested

Well, what do you know? Three suspected members of the Anonymous Hacking group were arrested today in Spain. The arrests were made in Barcelona, Valencia, and Almeria. For those who may have forgotten, the Anonymous hacking group is responsible for the attacks on Sony, Spanish banks, and possibly other attacks.

The arrests were actually as part of an investigation that had begun in October 2010. It looks like some of the attacks made by members of the group used a web-based tool called Loic to bombard the target sites with data. Furthermore, Paypal, Mastercard, and Amazon were each targeted using this tool.

Paypal Sues Google For Stolen Trade Secrets

Google announced their new mobile payment system, based on NFC technologies that allows cellphone users to tap their phone to pay for things. People call it a mobile e-wallet because you no longer have to whip out your wallet, unfold it, and look for the appropriate tender. Instead, users just need to tap their phone to a mobile e-reader and the credit card is charged automatically. It’s faster, more efficient, and more fun to use.

Sounds like a dream come true, right? Well it looks like Paypal isn’t too happy about Google’s big announcement as they are filing a lawsuit against Google in California Superior Court. Claiming that a former PayPal exec (and now Google employee) leaked certain trade secrets.

Make Apps Yourself With New App Developer-App Cloud

Brightcove is a company that is known for online video platform, but today it is launching a new product called the App Cloud. The App Cloud will let developers create apps in one of the easiest ways possible. From what the app looks like it will do the same thing for apps that Brightcloud, another one of Brightcoves products, does for video publishing.

New App Can Deposit Checks With Just A Photo

PayPal Mobile app just launched for Android Marketplace reported by the MobileCrunchearlier.
The app has been available for iPhone and BlackBerry users since last year. The app has a cool new little feature called “Mobile Check Capture”. All you have to do is snap a photo of both the front and the back of the check with your phone’s camera, and then watch as the amount on the check is automatically credited to your PayPal account.

Tumblr Had Security Issues – Exposed Accounts

It turns out that last Saturday morning was Christmas. Well, maybe for some. A security glitch occurred with Tumblr that caused users’ passwords to be displayed on Tumblr’s website, where 748 lines of information was shown. Tumblr of course said the fumbl was “human error” due to incorrect PHP coding. Tumblr released a statement five hours after the occurrence, claiming that…