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eBay to use VeriSign Services to Increase Security
(Click here to view the original thread with full colors/images)
Posted by: TotalRecall
eBay will soon be using VeriSign to test the validity of a users identity. C|Net has all the details:
As part of the first tier of the new authentication service, eBay will use VeriSign's system to verify the identities of sellers when they register, Pereira said. VeriSign will compare their registration information with address and telephone data from the U.S. Postal Service and phone books, he said.
VeriSign will then assign a score to the data according to its confidence in the information and the potential for fraud. It will then be up to eBay to determine what to do with potentially risky users, he said.
The second tier of the authentication service will be used with sellers who offer high-value goods. Such sellers will be asked to answer "out of wallet questions," meaning that they couldn't be answered by simply looking at a credit card or a driver's license, Pereira said. Instead, the questions might be derived from a person's credit report, involving the person's monthly mortgage payment, for instance.
Since this service will cost eBay, i'm assuming auction rates will also rise. Read more here.
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