Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (4166)	1/15/1999 1:50:00 PM
From: bob jordan	Respond to of 4676

All, If I had the use of a genie, I would ask NRI to be included in this... Right after I asked to be ruler of the world... dailynews.yahoo.com Friday January 15 12:11 PM ET eBay offers security measures By Margaret Kane, ZDNet On Friday, online auctioneer eBay Inc. announced tougher new policies regarding fraud and piracy, including free insurance. The company has been stung with criticisms of its policies before. eBay (Nasdaq:EBAY) lets consumers handle the auctions themselves, and generally has a non-interference policy. But critics charge that the loose rules allow scam artists to rip-off consumers and traffic in pirated or illegal goods. Last month, eBay dropped an Oklahoma man from the service after discovering that the postal authorities were investigating him for mail fraud. Other complaints have surfaced regarding the auctions of unlicensed software and other goods. "eBay has zero tolerance for fraud," eBay CEO Meg Whitman, said in a release. "These new upgrades ... are designed to meet the demands of our growing community. While fraud and other trust and safety issues are not new, eBay's solutions are. We have committed and will continue to commit resources to have the most comprehensive programs in order to keep eBay a safe harbor for online person-to-person trading." The free insurance comes through a partnership with Lloyd's of London. eBay will offer consumers protection for auctions worth up to $200, subject to a $25 deductible. Bye-bye deadbeat bidders The stricter new policies cover problems ranging from "shill bidding" -- where users make false bids to drive up the price of an auction -- to deadbeat bidders who never pay up. eBay said it will impose 30-day suspensions for first time shill-bidders and eject them from the service for a second offense. Deadbeats will get one warning before the first 30-day suspension. To try and eliminate fraudulent bidders, eBay is also setting up a "verification" policy, where users can pay $5 to register their name, Social Security number and other personal identification with the service. Those users would then be marked as "Verified eBay user" to other eBay customers. The company will also put measures in place to help companies watch for pirated or stolen merchandise being auctioned off through the service. The "Legal Buddy" program will allow the owner of a copyright or intellectual property to search the service for contraband and report it to eBay, which will remove illegal or unlicensed auctions from the site. Other personal identification... Voice ID??? Saflink??? Nah. But it would be sweet... Regards, Bob