posted on December 5, 2000 01:06:51 PM new
Time and time again, PayPal has restricted accounts because a stolen credit card was used in a transaction on their online payment service. How does PayPal an account using a stolen credit card? How does PayPal have a record of billing address which it fails to share with the auction seller, allowing that auction seller to ship merchandise to some other address?
PayPal utilizes the services of CyberSource. Here is a portion of an 12-April-2000 news release from the latter.
----- BEGIN QUOTE -----
CyberSource® Powers Industry's First Email Payment Service, PayPal
Leading Web-based Payment Provider for Auctions, Internet Groups and Individuals, Drives Growth in New Segment
Mountain View, Calif.
April 12, 2000
CyberSource Corporation (Nasdaq: CYBS), a leading provider of mission-critical eCommerce transaction services, today announced that leading email payment service PayPal has selected CyberSource Payment Services and Risk Management Services to handle credit card payments for its rapidly growing subscriber base.
----- END QUOTE -----
So what is it PayPal.
Is CyberSource providing shoddy "mission-critical eCommerce transaction services"? Is PayPal violating its fiduciary responsibility to auction sellers in allowing the shipment of merchandise to mailing addresses that are not billing addresses? Is PayPal verifying ANYTHING!?
