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Thursday, February 15, 2007

PayPal introduces security token

The $5 (�?.57) token generates a random, six-digit code every 30 seconds which is then used as part of the login process for the website.

BBC NEWS | Technology | PayPal introduces security token.

Two-way authentication is by far the most secure authentication method, it is particularly useful for websites like Paypal which handles millions of transactions every day. Just wondering how can Paypal sends these tokens to all its members? If this is working, maybe Google Checkout is the next to introduce such tokens. With so many people holding Google accounts around the globe, is it possible to send everyone a token?