ITBUSINESS – Sep 7 – Ashley Madison is being pointed at by competitor Brandon Wade, who founded dating sites whatsyourprice.com and SeekingArrangement.com. Wade is suing PayPal after being dropped as a client. PayPal provided payments processing for SeekingArrangement.com when it was founded in 2006. But in 2007 there was a dispute and PayPal stopped accepting payments for membership at that site, although it continued to accept payments for book purchases and other related merchandise on the site. In 2011, Wade launched WhatsYourPrice.com and that's when PayPal decided to freeze all of his accounts, including his personal one. Ashley Madison's CEO Noel Biderman sets his business apart. Ashley Madison doesn't deal in adult content and works with major firms like Apple and Google, he says.
by Brian Jackson
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