Paypal Knows
The New York Times reports here that Paypal compiles dossiers in advance of applications for membership. That’s why it is able to approve new applications so quickly:
- What PayPal has learned is that the Internet actually reduces risk, Mr. Thomson said, because
it provides so much information to identify potential fraud artists.- “If it’s a fraudster, you can’t find footprints,” Mr. Thompson said. “They go out of their way not to leave traces about who they are.”
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