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Posts Tagged ‘PayPal’

Swedish Pirate Party Presses Charges Against Banks For WikiLeaks Blockade

December 17th, 2012 12:10 admin View Comments

The Almighty Buck

davecb writes “Rick Falkvinge reports today that the Swedish Pirate Party has laid charges against at least Visa, MasterCard, and PayPal before the Finansinspektionen , for refusing to pass on money owed to Wikileaks. The overseer of bank licenses notes (in translation) that ‘The law states, that if there aren’t legal grounds to deny a payment service, then it must be processed.’”

Source: Swedish Pirate Party Presses Charges Against Banks For WikiLeaks Blockade

Bitcoins Join Global Bank Network

December 8th, 2012 12:31 admin View Comments

Bitcoin

another random user writes “Bitcoin-Central, a currency exchange that specialises in virtual cash, has won the right to operate as a bank. They got the go-ahead thanks to a deal with French financial firms Aqoba and Credit Mutuel. The exchange is one of many that swaps bitcoins, computer generated cash, for real world currencies. The change in status makes it easier to use bitcoins and bestows national protections on balances held at the exchange. Under European laws, the deal means Bitcoin-Central becomes a Payment Services Provider (PSP) that has an International Bank ID number. This puts it on an equal footing with other payment networks such as PayPal and WorldPay. As a PSP it will be able to issue debit cards, carry out real-time transfers to other banks and accept transfers into its own coffers.”

Source: Bitcoins Join Global Bank Network

Pirate Party MEP Helps Draft New Credit Card Company Controls

November 20th, 2012 11:54 admin View Comments

EU

Dupple writes with this excerpt: “It has become an increasingly large problem that Visa, MasterCard, and Paypal control the valve to any money flow on the planet. Today, the European Parliament established this as a clear problem, and initiated regulation of the companies, limiting and strictly regulating their right to refuse service. The Pirate Party was the initiator of this regulation, following the damaging cutoff of donations to WikiLeaks, after said organization had performed journalism that was embarrassing to certain governments.”

Source: Pirate Party MEP Helps Draft New Credit Card Company Controls

Amazon Payment Adds “No Class Action” Language To Terms of Service

November 15th, 2012 11:07 admin View Comments

Businesses

wbr1 writes “I just received an email from Amazon Payments, the Amazon competitor to PayPal, stating among other things, that they were changing and simplifying their policies. It should be no surprise then, that similar to what PayPal and many others have already done, they have added language removing the right to class action lawsuits. See specifically section 11.3 (edited for brevity): ’1.3 Disputes. Any dispute or claim relating in any way to your visit to the Site or Seller Central or to products or services sold or distributed by us or through the Site or Seller Central (including without limitation the Service) will be resolved by binding arbitration, rather than in court, except that you may assert claims in small claims court if your claims qualify. The Federal Arbitration Act and federal arbitration law apply to this agreement… … You and we each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated, or representative action. If for any reason a claim proceeds in court rather than in arbitration you and we each waive any right to a jury trial. You and we also both agree that you or we may bring suit in court to enjoin infringement or other misuse of intellectual property rights.’ This is becoming more and more common, and while the end user normally doesn’t make out well in a class-action suit, large settlements do provide a punishment and deterrent to corporations that abuse their power. The question becomes, what do we do to fix this so that consumers are truly protected?”

Source: Amazon Payment Adds “No Class Action” Language To Terms of Service

PayPal, Symantec Hacked In Anonymous November 5 Hacking Spree

November 5th, 2012 11:35 admin View Comments

Security

First time accepted submitter Journe writes “Anonymous claims to have begun a hacking spree for the 5th of November. In their spree, they’ve laid waste to several Australian Government sites, and, for some reason, the site of Saturday Night Live. They also claim to have leaked VMWare source code, along with user and employee info from Paypal and Symantec. There’s some argument however that Anonymous is falsely taking claim for Symantec.”

Source: PayPal, Symantec Hacked In Anonymous November 5 Hacking Spree

PayPal Security Holes Expose Customer Card Data, Personal Details

November 2nd, 2012 11:33 admin View Comments

Security

mask.of.sanity writes Dangerous website flaws have been discovered in PayPal that grant attackers access to customer credit card data, account balances and purchase histories. The holes still exist. One was publicly disclosed after a failed effort in July to responsibly disclose them under PayPal’s bug bounty program. PayPal is working to close the holes.”

Source: PayPal Security Holes Expose Customer Card Data, Personal Details

Paypal Slips ‘No Class Action’ Clause Into Policy Update

October 18th, 2012 10:58 admin View Comments

Businesses

First time accepted submitter Guru80 writes “PayPal recently posted a new Policy Update which includes changes to the PayPal User Agreement. The update to the User Agreement is effective November 1, 2012 and contains several changes, including changes that affect how claims you and PayPal have against each other are resolved. You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis. With so many privacy policies changing to include such wording, does it really hold any weight if some obscure and buried opt-out option isn’t checked?”

Source: Paypal Slips ‘No Class Action’ Clause Into Policy Update

Paypal Users In Argentina Can No Longer Make Domestic Transactions

September 18th, 2012 09:13 admin View Comments

The Almighty Buck

another random user writes with this excerpt from the BBC: “The online payment service said that from 9 October: ‘Argentina resident Paypal-users may only send and receive international payments.’ Last year the Argentine government announced restrictions on the purchase of U.S. dollars. It has led to an increase in currency sales on the black market — but Paypal’s exchange rates are better. Locals were setting up two accounts under different email addresses and transferring money between the two, exchanging local currency pesos for dollars in the process.”

Source: Paypal Users In Argentina Can No Longer Make Domestic Transactions

‘Wiki Weapon Project’ Wants Your 3D-Printable Guns

August 23rd, 2012 08:40 admin View Comments

Hardware Hacking

Sparrowvsrevolution writes “Earlier this month, University of Texas law student Cody Wilson and a small group of friends who call themselves ‘Defense Distributed’ launched an initiative they’ve dubbed the ‘Wiki Weapon Project.’ Their goal: to raise $20,000 to design and release blueprints for the world’s first entirely 3D-printable gun. If all goes according to plan, RepRap users will soon be able to turn the project’s CAD designs into an operational firearm capable of shooting at least one standard .22 caliber bullet, all in the privacy of their own garage. Wilson and his handful of collaborators at Defense Distributed plan to use the money they raise to buy or rent a $10,000 Stratysys 3D printer and also to hold a 3D-printable gun design contest with a $1,000 or $2,000 prize for the winning entry — Wilson says they’ve already received gun design ideas from fans in Arkansas and North Carolina. Once the group has successfully built a reliable 3D-printed gun with the Stratysys printer, it plans to adapt the design for the cheaper and more widely distributed Reprap model. The group had already raised more than $2,000 through the fundraising platform Indiegogo, but the site took down their page and froze their funds on Tuesday. They’re continuing to seek donations through their website via Paypal and Bitcoin.”

Source: ‘Wiki Weapon Project’ Wants Your 3D-Printable Guns

PayPal Starts Bug Bounty Program

June 22nd, 2012 06:04 admin View Comments

Bug

Trailrunner7 writes “PayPal is the latest company to join the ranks of software vendors and Web properties that offer bounties to security researchers who privately disclose new bugs to them. The company isn’t saying how much it will pay for each bug, just that its security team will determine the severity of each flaw as well as the ultimate payout. PayPal’s decision to offer financial incentives to researchers follows the establishment of similar programs by companies including Google, Mozilla, Facebook, Barracuda and others. Google’s bug bounty program may be the most well-known and comprehensive, as it includes bugs not just in its software products such as Chrome, but also its Web properties. The company has paid out more than $400,000 in rewards to researchers since the program began and researchers who consistently find bugs in Google’s products can make a nice side income off the program.”

Source: PayPal Starts Bug Bounty Program

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