This excerpt taken from the VRSN 8-K filed Oct 14, 2005.
Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPals service builds on the existing financial infrastructure of bank accounts and credit cards and uses one of the worlds most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution. PayPal has nearly 79 million accounts and is available to users in 56 markets around the world. More information about the company can be found at https://www.paypal.com