07.05.07
Paypal New Facelift and Security Key
Rajiv Dutta, President of PayPal, recently just announced at eBay live 2007 that Paypal Security Key is already available to all the merchants! Doesn’t matter if you weren’t there, catch his recorded live-webcast online!
This baby definitely looks cool as a key chain. (Thanks for the picture, from 3dom)
Well, apparently not really all Paypal users can get it… since we got rejected numerous time when trying to apply for it, by both of their old-look site and new-look site.
We were rejected once….
Then we never give up, try again, rejected dunno how many times after….
Sigh.. no reason stated why, just keep asking us to “try again”. Well, apparently it’s no typical playing-hard-to-get, but we are no typical courter as well…
So What the fuss is Paypal security key?
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An electronic Dongle with 6 digit real time security code. - same like those you will find if you have an account with HSBC banks.
The PayPal Security Key generates a unique security code approximately every 30 seconds (some other devices is every 60 seconds). Paypal users can use this code, along with their user name and password, to sign into both their eBay and PayPal accounts, helping to prevent unauthorized users from accessing them. If someone tries to access your account without the code, they’re locked out. The code – which is synchronized with your log in – will then change at the next 30 second cycle, so you can only get in each time by physically having the Security Key.
This additional security is known as 2-factor authentication, is used by leading financial institutions (like etrade, see below) as additional means to protect consumers and reduce losses from online fraud such as phishing attacks.
Etrade Security Device
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HSBC Security Device
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