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FOR IMMEDIATE RELEASE
PayPal Honored for Leadership in Online Safety
SAN JOSE, Calif. - April 30, 2007 - PayPal today announced it has been given
the Online Safety Leadership Award by the Authentication and Online Trust
Alliance (AOTA). The awards recognize companies that have demonstrated a
commitment to preserving and improving online safety.
The AOTA Leadership Awards were judged by a panel of experts in online
safety including representatives of the AOTA Steering Committee and industry
leaders. The judging process involved due diligence and research into each
companies’ reputation and best practices as well as an intense scoring
system. The awards were announced at the Authentication & Online Trust
Summit held on April 18 & 19 in Boston, MA. PayPal was the recipient of the
ecommerce category award.
"With more than 143 million accounts worldwide, PayPal is trusted by its
customers because the service was designed from the ground up to be the safe
way to send and receive money online. We are combating phishing and spoof
through the use of leading security and anti-fraud technologies and
collaboration with the industry, law enforcement, and consumers alike,” said
Michael Barrett, chief information security officer at PayPal. “We are
delighted and honored to be recognized for our leadership role in keeping
our customers safe and preserving trust online."
"AOTA's first annual Leadership Award winners are the pioneers in online
safety, and their actions and contributions to the industry have had a deep
impact on restoring consumer trust in online channels," said Craig Spiezle,
chair and president of AOTA. "As authentication standards and best online
practices continue to evolve, the industry must come together to drive
initiatives, technology advancements and educate consumers. We look forward
to PayPal's continued leadership in the future."
About PayPal
Founded in 1998, PayPal, an eBay company, enables any individual or business
with an email address to send and receive payments online securely and
easily using a bank account, credit card or stored balance. Because PayPal
allows customers to shop online without sharing their financial information
with merchants, privacy is built into the service. PayPal has nearly 143
million accounts and is available to users in 103 markets around the world.
More information about the company can be found at
https://www.paypal.com.
About the Authentication and Online Trust Alliance (AOTA)
Founded in October 2004, the mission of AOTA is to enhance online trust and
confidence, by facilitating best practices and the deployment of Internet
authentication and reputation standards and solutions. With the onslaught of
phishing and forged email, this collaboration is critical to help ensure the
reliability and deliverability of email, reinforce online trust and
confidence, and to protect the brands and domains of businesses worldwide.
For more information, visit
www.aotalliance.org.
For press inquiries:
Michael Oldenburg PayPal
moldenburg@paypal.com
408-967-5033
Annie Baxter
Text 100
annie.baxter@text100.com
415-593-8476
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