PayPal and eBay will Separate in 2015

PayPal and eBay logosIt is true – eBay and PayPal are going to separate from each other. This was announced by eBay in a post on their blog that was titled: “Ebay Inc. to separate eBay and PayPal into independent publicly traded companies in 2015.” PayPal posted the same thing on their blog The “new” eBay and the “new” PayPal are each getting their own new CEOs.

Why is this being done? According to both eBay and PayPal, it is because they believe that each entity will “benefit more and create greater value from the strategic focus, speed, flexibility and agility that come with being independent publicly traded companies.” The blog posts also say that eBay “expects to complete the transaction as a tax-free spin-off in the second half of 2015”.

The CEO of the “new” eBay company will be Devin Wenig, who is currently president of eBay Marketplaces. Dan Schulman has been named as President of PayPal, effective immediately, and as CEO-designee of the standalone “new” PayPal company after the separation.

PayPal is hackable, denies teenager bounty for finding the bug

paypalPayPal, the popular online payment transfer service owned by Ebay, is currently under fire on two fronts. The banking service is vulnerable to attck, thanks to a bug in its system, and also is refusing to pay its standard bounty to the person who found said vulnerability, citing that security researches must be at least 18 years of age, leaving the 17 year old out in the cold.

German Robert Kugler, the security researcher behind the bug, posted details about the vulnerability on the Full Disclosure mailing list Friday.

“Unfortunately PayPal disqualified me from receiving any bounty payment because of being 17 years old” Kugler, who turns 18 next March, wrote on Seclists.

The bug bounty program has been in effect since June of 2012. Other companies, including Firefox and Mozilla have similar programs and PayPal does not list any age requirement in the literature for its standards of this.

As for the flaw, it is in XSS (cross-site scripting) and the company plans to fix the issue, but is refusing comment on the failure to pay the bounty. GNC earlier sent an email to the service, but has received no reply.

GNC #683 Congrats Angelo

Getting back into the groove here in Hawaii, body is adapting back to HST which will take a few days. Your continued support of all our shows is greatly appreciated. Family Update: Shoko made it to Japan without her father passing, situation remains touch and go info on show.

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Set top Boxes suck Power.
TSA Dirty Deed!
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Show Links:
Red Flag Act.
Verizon May be fast in a “few” places!
TSA Cancer Cluster!
TSA has lost their minds!
Rico for Righthaven?
Police now searching for Apps in Arizona!
Is the PC on the way Out?
Wi-Fi 2010 vs 2011.
To many fake Geeks?
Firefox versus the Enterprise!
Data Plans of the Future?
Mouse Diet?
iOS 5 Beta 2.
Human Errors lead to Security Issues.
50+ Flocking to Facebook.
Wi-Fi Testing in UK.
Answers.com cleans house.
FCC No Opinion with Report.
Goggles for Getty Museum!
Genome Contamination (Deep).
East Coast Missile Launch.
7500 Mile Asteroid.
Yahoo Connected TV.
Slingbox in Boxee?
Hotfiles Battle with RIAA!
Hollywood versus UK ISP BT.
5 Cars in a 100 to control Traffic.
Scribbly!
10 Gmail Gadgets.
Sage TV Upgrades.
Yahoo Connected TV watches with your?
Tom Tom App Cool Update.
iPhone 5?
Paypal at 100 Million Users.
Supreme Court ruling on Video Games.
Fring 4 way Video Chat App.
26 Countries and User info Request at Google.
Geohot gets job at Facebook.
Rootkit Infection requires complete re-build.
TurnTable.FM

PlayPlay

GNC-2011-03-17 #656 The Great Experiment Continues!

Your going to love this one, I get on the Soap Box and stay there for a good bit in the show today. Fools and their wasted money is the theme. Plus I place a wager on a specific companies new initiatives failing. I also want to welcome our newest insider, thank you for supporting the show it is greatly appreciated.

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Show Notes:
Burglar Blaster.
Firefox 4 Final Release date 3-22.
Firefox 4 Notes.
* Renegade
It’s not the downloads.
This Mom needs to be a Parent.
14 Months, 40 Million NYT Fools.
NYT Paywall Plans?
Open Canadian Letter to NYT!
Business Cards Dead?
RSA SecurID May Be Hacked.
Hacking your Car.
Matt Cutts – Google Luminary.
Japan Telephone/Network Lines a Wreck.
TSA now cannot do Math.
Netflix to do Original Content?
Webm Plugin for IE9.
President says Do Not Track!
BlueTooth Headset Review.
Soyuz back to Kazakhstan.
Women.Nasa.gov
Women in Space.
Lasers Solution to Space Junk?
More Resources for Japan.
Protecting your company Image.
Time Warner iPad App.
Google Largest Torrent Search Engine.
White House thinks Streaming is Fed Crime.
Sick of Sarah 2205.
Visa goes after Paypal.
Rustock Spam Botnet Brought Down?
Hackers having fun with Electronic Sign.
Sony gets Paypal info on PS3 Case.
Best Sprinkler Yet.
Lexar 128GB SDXC Cards.
Solar Stove.
IPTV Moving Upwards.
IE9 Partners with Hulu.
Free Computer Games.
Gnome 3.0 Beta.
Video Alarm.
OSX Media Conveter.
Google Docs on a roll.
Dutch test 110 old X-Ray machine.
U-Socket Review.
Radiation from Planes and Passengers.

PlayPlay

I’m Never Going to the Bank Again!

Who has time to go to the bank?  I know I rarely do.  I have two checks in my purse that desperately need to find their way to the bank, and I just can’t manage to find the time to do it.  Seems silly, but it means a detour in my normal routine, and I need to block out an extra ten minutes to do it, ten minutes I don’t often have.

Hello, Paypal deposit by iPhone!  I can take a picture of the front and back of the check, and using the Paypal 2.7 app, I can deposit it right into my Paypal account.  From there I can either spend it (whee!!) or transfer it to my bank via Paypal withdrawal.  Or, if I have a Paypal debit card, I can spend it that way.

I like this idea a lot.  I know my bank doesn’t yet allow us to do electronic deposits (other than transfers).  That would be ideal; but barring that, I can skip the whole bank process and just do it via my phone.

Remember when Paypal was just a way to pay for things on eBay?

GNC-2010-02-18 #553 Live in Texas

Probably advisable not to be in the Ustream chat with a pizza handle, I will ban you. He folks hopefully this show encoded ok the last one had some issues. I replaced it but not before about 25,000 of you had downloaded it. Lots of tech tonight and some stimulating questions for you to respond to.

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Show Links:
Sony to end OLED sales in Japan.
Pay for goods on Facebook with Paypal.
Google buys and kills Remail?
School Spied on kids with Laptop Webcams?
Jobs says Flash is to power hungry?
BSOD during last Tuesday patches? You have a Trojan on your PC!
Advanced testing to get kids Graduated by 10th grade?
Don’t spam a Judge!
Australian Copyright Industry has it backwards!
Patent Shell Company Game!
NBC delayed Telecast causes spoilers!
YouTube allows blocking of content to set top boxes?
NY Times $20-30 for iPad edition :)
Your P2P files not subject to search warrant!
What a View!
Next Shuttle mission delayed!
Is that a Wi-Fi signal in your Sim Card?
256gb USB Stick?
NEC does 16gbps USB 3.0 Connection.
Entourage Delayed!
HP Slate to be Cheaper then iPad?
Inside Olympics Mission Control.
Orange Peel = Ethanol
Windows Phone 7 Strategy!
Andromeda Images x3
Should Google Apologize?
Time Warner Pricing out of Site!
Netflix and watch Instantly!
Smartmobs is this not the truth!
iPad Shippments!
WordPress has short outage!
Dumber and Dumber!

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GNC-2009-12-15 #536 Big Announcement Today

First of all folks I may have to go on Emergency travel, if I do I will have a guest host step in. No details I am willing to talk about at this point but I could be gone a couple of weeks. Second thing I make a pretty major announcement on the show which is surely to drive some comments one way or the other. But I explain all in detail on the show. Don’t worry I’m not changing anything show stays the same.

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Show Notes:
Is it the Phone or is it the Service?
German Government to clean computers?
Google to shake up Mobile Industry!
Facebook CEO forced to show some Details.
UK Old Computers cannot collect Taxes?
Google employees drinking the Koolaid
Forecast 2010 from Business Week.
Best Buy King?
Contributors fro Twitter.
Cannon EOS 7d
Calibrate that TV?
Google Shrinks?
Domains go International in EU
Amazon bids EC2 Time Auction Style.
Turn that TV Ad down!
Super Earth only 28 Light Years Away!
Paypal 150k Challenge.
BluRay RIP?
Did your Business cut the Land Lines?
Delta 2 Launch!
2010 NASA Budget Approved.
Mars Orbiter Update!
Should FCC take back TV frequencies?
Chevy Autonet $199.00 for 7 Models.
Free Screencasting Tools.
Socialize your Twitter Feed (Gag)
Newspapers Self Imploding.

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GNC-2009-08-21 #504 Battle Rhythm

Texas is the state with the most listeners to the Geek News Central Podcast congrats to our Visa Gift Card Winner! New promotion starting next show, tune in to win. I talk a little about the state of podcasting and give you all a little information about a new website that we will be building full details shortly. We will need the communities help! Next show will be live from Silicon Valley, looking for a good meetup location for dinner suggestions?

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AT&T Getting Better?
Internet Detox Center
Follow How it Works Mac Users Only!
Readers Digest in Trouble.
One to many exploding iPhones.
Building Block of Life found on Comet
Vivek Kundra
Bing versus Google
Murdoch Lessons

Show Links:
Tech Podcast Network Weekly Podcast
Master New Media weird Article.
Facebook Pages post to Twitter.
Snow Leopard coming next week!
Stress Test on the Cloud!
New FeedDemon Released
AT&T Dumps Mitnick!
Social iTunes i’m not so sure about that?
How Hackers are Hacking your Banking etc.
South Eastern Conference going to go after Fan Sites!
You can hide but a court order will jack you up!
Is Warren Buffet right?
465 Gigs a Day Transfered from Moon!
Our Fate in several Million Years
Employers use Facebook #1 Source to vet future Employees!
Paypal hitting you in wallet for new fees.
Video Ads in Magazines
WordPress URL Shortner.
Addicted to the Net?
How much is your credit card worth?
Plastics breaking down in the ocean faster than thought!
Oracle – Sun Merger very close to be finalized.
Mac or Netbook for Students?
Windows 7 beta is closed.
RIAA Surcharge for XM and Sirius Listeners
Blogger Strike defeats the purpose!
Happy 100th Show Geekazine.com
Inflatable heat shield tested!
SciToys projects for you and your kids!
iPhone does 1080P
Cool clock that is Cool but Expensive
New Bose QuietComfort.
97% Love the phone 55% Hate AT&T!

GNC-2009-03-03 #456 Live from Okinawa Japan

Started the show pretty late here. Short show tonight hope that you enjoy. I am doing much better after hurting my back just a week ago which is a relief as there was some pretty painful days here.

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Show Notes:
Apple Performance Fraud?
Re-Wire the Brain
RIAA gets Boot in Court case
Google Twitter Search
Cellphone Usage Worldwide at 60%
Tweet a Watt
Apple Rumors
Nokia Phone in Bag of Chips
Pirate Bay Closing Arguments
Apple Secret Box
Amazon Kindle 2 Review
Foreign Language Translation
TV on Net Only if you Pay
Vue Personal Video
Arrington is Back
Chinese crash Lunar Orbter
Woman Sues over 5k data Bill
Pirate Radio in your Area?
Joomla versus WordPress
Paypal 81.4 Billion on Debit Card

GNC-2007-12-04 #322

Special Favor to ask tonight first time in many months vote for show at Podcast Alley and write us a review on iTunes. Your support is greatly appreciated.

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Show Notes:
More Leopard Issues
Marc Orchant
Marc Orchant blog post
Geothermal Easier to get to?
PayPhones RIP
Fame and Money Online not that easy!
Dinasour Mummy Found
Quicktime Vulnerability in Wild
QuickTime Flaw and Second Life
DiggFilter!
MP3 Format Gaining Speed
$999.00 Complete DNA Test
Cheap 2 Port HDMI Switch
Matt Cutts on PayPerPost
Apple Concept Flashlight
Yes the Audience is Online and you can reach them!
LiveJounal Sale Article 1
LiveJournal Sale Article 2
LiveJournal Sale Article 3
Who clicks on Ads Articles Slam Some Women
PayPal Store Widget
IRC Spy Engine DeadPool
Truth in Advertising on Magazine Subscription Inserts
Shuttle ready to go to ISS
Astronauts at the Cape
Young Girls win prestigious Science Contest
FCC wants to Cap Cable Growth
MP3 Blogs Fly Under RIAA radar

Gems I Found:
Cover Up?
Missing for 5 Years just shows up?
Cheapest Family in America
Comcast and TimeWarner not playing in 700mhz Auction
RIAA Copyright Angle Rejected