Wednesday, October 12, 2005

eBay buys VeriSign

eBay's buying spree continues. Not even a couple of months after buying Skype, eBay has bought VeriSign for $370 Million.

Here is what Jeff Jordan, President PayPal (also aquired by eBay) says:

"I’m excited to let you know that PayPal has agreed to acquire VeriSign's payment gateway. This acquisition will allow PayPal to accelerate its growth in off-eBay merchant services, and will provide merchants with even more processing choices from a single provider – including VeriSign's gateway, PayPal’s Website Payments Standard, Express Checkout or Website Payments Pro.

In addition, eBay and PayPal have signed a multi-year agreement with VeriSign for a variety of technologies, including authentication tokens, which protect the security of online transactions. eBay and PayPal users will benefit with enhanced security and privacy of their account data.

We’ll keep you informed about how these technologies will be integrated with eBay and PayPal in 2006."
More detailed news here