PayPal Licenses Certicom Security Technology

Certicom (Hayward, CA) and PayPal.com (Palo Alto, CA) have formed a licensing agreement whereby PayPal has secured its PDA application with Certicom's Security Builder and SSL Plus 3.0 encryption technologies. The encryption provides PayPal users added assurance that their financial transactions will be protected when using Palm organizers to perform mobile payments.

PayPal allows anyone to send money instantly and securely online to anyone with an e-mail address, including by wireless PDA (see Beam Money by E-mail? Confinity Is Banking on It). Certicom's high-performance elliptic curve cryptography (ECC) encryption is securing the Palm PDA devices that run the payment application. Additionally, the company is using Certicom's SSL Plus technology to provide a secure link for the transfer of financial data between users and the PayPal server.

Certicom's Security Builder is a cryptographic toolkit enabling developers to add signatures, key management and encryption into any application. Incorporating ECC technology, Security Builder enables strong, scaleable security for every piece of the computing infrastructure.

Edited by Ellen Jensen