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Google to Start New Payment System


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#1 KoanYorel

KoanYorel

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Posted 18 June 2005 - 03:01 AM

Jun 17, 11:09 PM (ET) MOUNTAIN VIEW, Calif. (AP) - Online search-engine leader Google Inc is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc. The Wall Street Journal reported Google's plans on its Web site late Friday, citing sources familiar with the Mountain View-based company's plans. The Journal did not provide any details about Google's strategy.
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