eBay (Nasdaq: EBAY) and VeriSign (Nasdaq: VRSN) today announced a strategic
alliance that calls for the two companies to collaborate on payment services
and security initiatives for e-commerce. Under the terms of the agreements,
PayPal, an eBay company, will acquire VeriSign’s payment gateway business and
combine it with PayPal’s leading merchant services platform. VeriSign will
also provide eBay and PayPal with a suite of security services that includes
the deployment of two-factor authentication, a security system that gives
customers a one-time password or digital certificate to help protect against
online identity theft.

Posted: 10|11|05 at 8:54 am. Filed under: US News.