Tuesday, September 16, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
IBM Offers Watson Data Tool To the Mainstream
Microsoft Releases New Arc Touch Bluetooth Mouse, PC Accessories
Toshiba Introduces New Exceria UHS-I SD Memory Cards, Transmemory Flash Drive
Nvidia SHIELD Tablet Gets 32GB Storage and 4G LTE
Micron M600 SSD Released With Dynamic SLC Cache
Orange to Buy Spanish Operator Jazztel
US Government Data Requests Increased: Google
Wi-Fi Alliance Enhances Wi-Fi CERTIFIED Wi-Fi Direct
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 22, 2005
Google Developing Online Payment System


Google is developing an online payment system but not a direct rival to eBay Inc.'s PayPal, Google Chief Executive Eric Schmidt said on Tuesday.

Schmidt spoke after several days of heated speculation over reports that Google was working on a potential rival to PayPal, eBay's popular online payment system.

Schmidt said Google does not intend to offer a "person-to-person stored-value payments system" like PayPal's, in which money briefly resides in PayPal's control during the transaction, but he did not give details of how the Google system would differ.

"The payment services we are working on are a natural evolution of Google's existing online products and advertising programs, which today connect millions of consumers and advertisers," Schmidt told Reuters.

"We believe that e-commerce can be improved and we are working on ways to improve the user experience," Schmidt said.

By avoiding PayPal's model, Google may also bypass a replay of the regulatory battles that were among the thorniest obstacles PayPal faced in its early days as an independent company. The biggest issue was PayPal's plan to briefly hold money on account, generally a bank function, and the saga was chronicled in a book called "The PayPal Wars."

Google currently accepts payments from advertisers and sends money to participants in its AdSense program, which pays Web publishers when Google ads are displayed on their sites.

Google advertisers pay each time a Web surfer clicks on an ad that is generated through the company's AdWords program.

In March, Google said it began testing a third-party electronic funds transfer service to send payments to Web sites that carry Google ads.


Previous
Next
Microsoft to Sell Antivirus Software        All News        DVD Recorder Market to Grow by 87% in 2005
Microsoft to Sell Antivirus Software     General Computing News      Cisco Unveils Dial Tone for Applications

Get RSS feed Easy Print E-Mail this Message

Related News
US Government Data Requests Increased: Google
Google Adds A Steering Wheel To Its Self-Driving Cars
Google Takes a Medical Turn
EU Rejects Third Google Antitrust Deal
Google Glass Now Generally Available
Google, Photographers Settle Litigation Over Books
Google Software Accelerates Web Servers
Google to Refund Consumers at Least 19 Million Dollars to Settle FTC Complaint
Google Launches Quantum Computing Research Project
Google Tests Drones For Delivery Of Goods
German Regulator Will Pursue Complaint Against Publishers
Google Buys JetPac

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .