online payment

The online payment system, PayPal, is soon going to give its users a password-generating key fob, meant as a weapon against data-thieving phishers, and as a way to protect users' payments over the Internet. eBay, which owns PayPal, is coming out with a new electronic security key that can actually be clipped on to a keychain, and that displays a new one-time password in the form of a six-digit code about every 30 secondsThe key will give users another layer of security for their accounts, and users who sign up for the device will need to enter their regular passwords as well as the number displayed on the key whenever they log on to the online payment service. As the numeric password changes so frequently, phishers will end up with obsolete numeric passwords, and will be unable to empty PayPal accounts. In this way, if a user does become a victim of a phishing scam, and gives away his/her password, the phishers cannot empty the user's account because of the constantly changing password.
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