Giant Online Payment Company PayPal, Israel’s Ben-Gurion University To Join Forces On R&D

By Shoshanna Solomon, The Times of Israel December 07, 2016 Comments

This article was first published by The Times of Israel and was re-posted with permission.

Ben-Gurion University of the Negev (BGU) and PayPal, the US company that operates an online payments system, said they would partner in joint research and development in the fields of big data, machine learning and cybersecurity. It is the first such collaboration between PayPal and an Israeli university, BGU said in a statement.

SEE ALSO: Israeli Digital Payments Company Payoneer Raises $180M To Rival PayPal

The collaboration with BGU will further enable PayPal to use machine learning and big data for cybersecurity, fraud detection and risk management that will enable its 192 million customers worldwide to make safer payment transactions, Matan Parnes, PayPal’s general manager in Israel said in the statement.

SEE ALSO: BGU Researchers Announce A Revolutionary Alternative To Fuel

Ben-Gurion University campus

Ben-Gurion University’s campus, in the heart of Israel’s Negev desert

PayPal has been ratcheting up its activities in Israel. The US firm bought Israel’s Fraud Sciences in 2008 and has established a global risk and data sciences R&D center in Tel Aviv. After PayPal acquired Israeli startup CyActive in 2015, which was part of BGU’s incubator program, the company set up a global security products center in Beersheba’s Advanced Technologies Park, adjacent to BGU.

To read the full article, click here.

Photos: Ben-Gurion University

Facebook Comments
Raphael Recanati International School Banner
OurCrowd Global Investor Summit Banner
Load more