PayPal, a secure online payments system from online auction company eBay, and eBay Inc (Nasdaq:EBAY) have announced a collaborative effort with Internet company Yahoo! to use the firm's anti-phishing technology.
Under the partnership, the firms will introduce a new e-mail authentication, DomainKeys. The authentication technology reportedly enables Internet service providers to determine if messages are real and should be delivered to a customer's inbox. The collaborative effort between Yahoo!, eBay and PayPal is expected to result in the blocking of unauthenticated e-mail, reducing the volume of fraudulent e-mail received by consumers and lowering their risk of falling for phishing attacks.
Yahoo!, eBay and PayPal are in the process of transitioning their systems from DomainKeys to the proposed standard DomainKeys Identified Mail. The implementation is expected to be completed in the coming months.
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