Visa, PayPal Go Back and Forth on Security

By  |  February 20, 2012
 | 

A day after being accused of having “real issues” with its security, PayPal responded directly to comments levied by Visa’s head of product at a Goldman Sachs technology conference.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “With PayPal, your financial information can’t be lost or stolen from your wallet, your card or on your phone,” wrote Anuj Nayar, a PayPal spokesperson, in an email to the Wall Street Journal last week. “It’s safer in the PayPal digital cloud than in your pocket.”

    A day prior, Visa executive Jim McCarthy was hardly subtle in his assessment of PayPal’s risk solutions. “I think there’s real issues around security,” he said.

    PayPal began allowing users to pay for purchases directly from their PayPal accounts using a mobile phone number and a PIN in January. The pilot program has been rolled out to 51 Home Depot stores so far, the Journal writes.


    See More In: