PayPal 2-Factor Authentication hack found by security researcher
PayPal, the online payment service once owned by Elon Musk and now in the hands of eBay, has become a bit of a staple of daily life on the internet. After all, we can use it for all sorts of payments, money transfers, invoicing and receiving money. But is it as secure as we hope?
An Australian security researcher has uncovered a way to hack past PayPal's Two-Factor Authentication (2FA). Joshua Rogers used the vulnerability he discovered with an eBay account:
Hacker discovers a way to double your money on PayPal
A former hacker once convicted for hacking into NASA and the Pentagon claims to have found a way to reliably double your money by exploiting a loophole in PayPal's system.
Razvan Cernaianu, who goes by the nickname TinKode, claims scammers need to open three PayPal accounts in order to pull off the scam. One is a legitimate buyer, another is a disposable seller and the third is a mule. The latter accounts need to be linked to virtual credit cards.
PayPal now an option for UK Google Play purchases
Going forward, if you're buying apps (or other content) from the Google Play store, you'll be able to use your PayPal account to pay for your digital goods.
Previously, you could use a credit or debit card (of course), gift cards, or your network if you're on T-Mobile (EE) in the UK, but now PayPal is another option for those splashing cash in Google's funfair of apps.
Syrian Electronic Army strikes again! PayPal and eBay come under attack
There have been a lot of website compromises in 2014 despite the fact we're only just into February. Now it looks as though the Syrian Electronic Army is at it again. This time it is eBay and PayPal who found themselves in the crosshairs, as some users discovered that they were redirected to sites that announced the hack, praised Syria and chided the US government.
It might seem obvious that the Syrian Electronic Amy was behind the attack, but in case there was any doubt, the group used their Twitter feed to claim responsibility.
PayPal's second global Hackathon invites you to become the 'ultimate hacker for good'
Hackers get a bad rap, but that's usually down to a simple misunderstanding of the term. PayPal is doing what it can to set the record straight with its second annual Hackathon competition, Battle Hacks, where participants are invited to "become the ultimate hacker for good". This is not the type of hacking you see on TV and in movies -- there are no passwords to be broken, no encrypted files to crack. Instead, developers are invited to create something magical and useful based on the PayPal API, or the Braintree and Venmo SDKs, in just 24 hours.
The Hackathon takes place in eleven cities around the world, starting in Tel Aviv on 6 February, and ending in London on 11 October. The world finals take place in San Jose, CA over three days starting 14 November, and the winner will walk away $100,000 richer. Oh, and they get the chance to wield the axe trophy -- "good luck clearing customs," quips PayPal.
PayPal Checkout gains support for prepaid gift cards
When you’re short of ideas for presents, the easiest thing to do is to pop a check or some cash in a card -- it may not demonstrate the most thought, but at least it shows you haven't forgotten. More recently, cash and checks have been replaced with gift cards for the likes of Amazon, iTunes and Google Play. There are also prepaid cards from well-known financial institutions such as Visa, American Express, MasterCard, or Discover. These are great in theory, but they cannot be used in every web store.
PayPal found that a quarter of people had experienced problems trying to make online purchases with this type of prepaid gift card and -- just in time for the holiday season -- has come up with a solution.
Cash Killers: PayPal coming to over 7 million US stores next year
Wednesday, eBay's online payment subsidiary PayPal announced it had partnered with credit company Discover to bring PayPal payments to an estimated seven million merchant locations across the United States. Beginning in the second quarter of 2013, consumers will be able to make payments with their PayPal accounts at the registers of these merchants.
Merchants looking to accept PayPal payments will have to upgrade their point of sale hardware or software, and PayPal's digital wallet technologies will be accepted. eBay on Wednesday did not go into significant detail about the mechanics of how payments will be administered, but it falls in line with the company's previous announcements about PayPal moving offline and Discover simultaneously improving its online presence.
PayPal now accepted in bars
eBay's payment processing subsidiary PayPal is no longer relegated to online purchases and auctions. Mobile payment app Tabbedout on Tuesday announced it now includes PayPal as an option to let users pay their bar tab or restaurant bill if they happen to be in Austin, Texas. And in just three days, a lot of people are going to be happening through Austin for the SXSW Interactive, Film, and Music Festival.
The Tabbedout mobile application is available for free on Android and iOS, and it lets bar and restaurant patrons open, view and pay their tab with their credit card on a smartphone. By doing this, the idea is that servers can more quickly and easily collect payment without actually having to process cards, come back for tips, and so forth. Within the app, the tab is kept, a tip calculator is included, and credit card data is stored locally and password protected. The system, of course, only works if a restaurant or bar has partnered with Tabbedout, and the startup has about 400 partnerships thus far.
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