Monday, May 2nd, 2011 - PayPal
Sydney, 2 May 2011 – PayPal Australia today joins a host of public and private organisations to recognise Privacy Awareness Week. The week, an initiative of the Asia Pacific Privacy Authorities, aims to encourage all Australians to understand and exercise their privacy rights and to make informed decisions before divulging personally identifiable information with others.

Frerk-Malte Feller, Managing Director, PayPal Australia stated, “Australia has never before witnessed such rapid growth in online commerce. In just the first few months of 2011 we have witnessed dozens of Australian retailers opening up online stores and with this growth come tens of thousands of Australian shoppers. It is important that this trend does not outpace consumer awareness for the potential risks when shopping online.

Before subscribing to services, typing in bank account details, or quickly paying for an online bargain, all consumers must stop to think about how this information could or will be used.”

The Office of the Australian Information Commissioner website provides pages of information relating to privacy rights and links to some top tips that consumers can take to ensure that their personal information is handled appropriately. Importantly, consumers must look for tools to protect their online identity, review privacy policy statements and ensure that they are proactively managing privacy settings on all web applications.

PayPal provides a service that protects the financial information of online shoppers and never shares bank account or credit card details with online merchants. This process ensures that the consumer is not disclosing account information, and that merchants do not need to manage the liability of storing financial data.

“Building trust with consumers is vital to a successful online business – and securely using and protecting private information and details is fundamental to building this trust. From simple details like names and contact numbers, to more sensitive information like financial details, the privacy and protection of customer data needs to be a primary concern of all organisations.

“PayPal encourages all online shoppers to stop and think about their privacy the next time they go online,” concluded Feller.

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PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay without sharing financial information and gives consumers the flexibility to pay in any way they prefer, including through credit cards, bank accounts or account balances. With more than 94 million active accounts in 190 markets and 2 currencies around the world, PayPal enables global e-commerce. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. PayPal is an eBay company.

The PayPal online payment service is provided to Australian customers by PayPal Australia Pty. Limited ABN 93 111 195 389 ("PayPal") which holds Australian financial services licence number 304962. Before deciding to sign-up or use the PayPal service you should consider the Product Disclosure Statement, available at www.paypal.com.au. This media release is provided for information purposes only and is not intended as financial product advice.

For more information on PayPal in Australia, please visit or contact:
http://www.paypal-education.com.au/media/

Jennifer McCloy
P: 02 9291 3328
W: www.paypal-education.com.au/media/

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PayPal; Privacy Awareness Week

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