Jack Mccarthy profiles PayPal CTO Max Levchin.
PayPal, as an online payment system, is a natural target for fraud. And Levchin has almost singlehandedly saved the company from thieves bent on exploiting the system, says Avivah Litan, a vice president and analyst covering financial services at Stamford, Conn.-based Gartner.
“If they didn’t have Max, they might have succumbed, because PayPal was susceptible to fraud and money laundering, and Max tightened them up,” Litan says.