[ 11 October 2005 ]

Oh my. All your credit is belong to us.

Ebay is purchasing VeriSign (well, part of it) for a paltry $370 Million. The deal includes the purchase of VeriSign's payment processing service, which Ebay plans to merge with PayPal. It doesn't appear that VeriSign's encryption/SSL services are part of this deal.

This is interesting to me because VeriSign is an old school payment processor, and PayPal was the forerunner of internet convenience payments. I think the combination of these two cultures could create some interesting products and services. Maybe this is the company that finally makes professional payment processing acheivable by small and medium businesses?

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