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Monday, January 15, 2007

PayPal to enhance its security

PayPal will begin offering customers the option of using a password generating device called a key fob to increase its security.

The key fob will generate a random 6 security code every 30 seconds. In order to log onto their PayPal accounts, users will have to enter the code with their ID and password.

eBay said the PayPal Security Key is now in beta testing, primarily by eBay employees, but should be widely available in the United States and select countries within two months.

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