PayPal plans to revamp its anti-fraud system

01/24/2013 | FindLaw · CNNMoney

PayPal's anti-fraud policies, which allow the company to freeze funds when suspicious activity occurs, can be a headache for small businesses that may be forced to wait a long time to access their money. PayPal is now saying it will overhaul its system, but it's not yet clear exactly how it will do so. "These are not minor -- these are aggressive changes," said Anuj Nayar, the company's senior director of communications. "This is a fundamental shift in our business operations."

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