Friday, August 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
YouTube TV expands to new markets
Facebook Tests News Stories Customized to Users' Interests
Google Home Now Supports Free Calls
Asus Unveils the ZenFone 4 Pro, ZenFone 4, ZenFone 4 Selfie Pro, and ZenFone 4 Selfie
Nokia 8 Shipped With ZEISS Optics
Apple is Getting Serious in TV Shows and Film Prospect
Acer's New 4K Projectors Bring the Benefits of Cinema Home
Fiat Chrysler Joins BMW, Intel, Mobileye in Autonomous Driving Team
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Google Home Now Supports Free Calls
Google is Getting Ready For New European Data Protection Rules With Privacy Website
Google Fires Employee Over Anti-diversity Memo
Google is Developing technology for Snapchat-like media Content
Google Adds SOS Alerts to Search and Maps
Alphabet Earns More Cash Despite Antitrust Fine
Google Embrace News Feed on Mobile With Personalized 'Feed'
Google Hire Coming to the U.S.
Google Glass Resurrects as an Enterprise Edition
Google Wins Legal Fight with Labor Department Over Gender Pay Gap Data
French Government Objects Court Tax Ruling For Google's Case
Google Wins Tax Case in France

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .