SAN JOSE, Calif.--(BUSINESS WIRE)--PayPal today announced it has been given the Online Safety Leadership Award by the Authentication and Online Trust Alliance (AOTA). The awards recognize companies that have demonstrated a commitment to preserving and improving online safety.
The AOTA Leadership Awards were judged by a panel of experts in online safety including representatives of the AOTA Steering Committee and industry leaders. The judging process involved due diligence and research into each companies’ reputation and best practices as well as an intense scoring system. The awards were announced at the Authentication & Online Trust Summit held on April 18 & 19 in Boston, MA. PayPal was the recipient of the ecommerce category award.
“With more than 143 million accounts worldwide, PayPal is trusted by its customers because the service was designed from the ground up to be the safe way to send and receive money online. We are combating phishing and spoof through the use of leading security and anti-fraud technologies and collaboration with the industry, law enforcement, and consumers alike,” said Michael Barrett, chief information security officer at PayPal. “We are delighted and honored to be recognized for our leadership role in keeping our customers safe and preserving trust online.”
"AOTA's first annual Leadership Award winners are the pioneers in online safety, and their actions and contributions to the industry have had a deep impact on restoring consumer trust in online channels," said Craig Spiezle, chair and president of AOTA. "As authentication standards and best online practices continue to evolve, the industry must come together to drive initiatives, technology advancements and educate consumers. We look forward to PayPal's continued leadership in the future."
Founded in 1998, PayPal, an eBay (Nasdaq:EBAY) company, enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance. Because PayPal allows customers to shop online without sharing their financial information with merchants, privacy is built into the service. PayPal has nearly 143 million accounts and is available to users in 103 markets around the world. More information about the company can be found at https://www.paypal.com.
About the Authentication and Online Trust Alliance (AOTA)
Founded in October 2004, the mission of AOTA is to enhance online trust and confidence, by facilitating best practices and the deployment of Internet authentication and reputation standards and solutions. With the onslaught of phishing and forged email, this collaboration is critical to help ensure the reliability and deliverability of email, reinforce online trust and confidence, and to protect the brands and domains of businesses worldwide. For more information, visit www.aotalliance.org.