NowhereMan
06-21-2005, 03:12 AM
Google May Expand Into Online Payments
http://news.yahoo.com/s/ap/20050621/ap_on_hi_te/google_wallet
found this of interest.
While dueling with PayPal, Google probably would have to spend heavily to combat fraud â?? a chronic problem for payment processing systems.
"If they don't do a good job fighting fraud, Google will lose money on this," Gartner's Litan said.
Other companies have tried to branch into online payments with little or no success. Sunnyvale-based Yahoo, for instance, ran a service called PayDirect to handle transactions on its auction site, but shut down that free service last year.
what ya think about
Gollars?
http://news.yahoo.com/s/ap/20050621/ap_on_hi_te/google_wallet
found this of interest.
While dueling with PayPal, Google probably would have to spend heavily to combat fraud â?? a chronic problem for payment processing systems.
"If they don't do a good job fighting fraud, Google will lose money on this," Gartner's Litan said.
Other companies have tried to branch into online payments with little or no success. Sunnyvale-based Yahoo, for instance, ran a service called PayDirect to handle transactions on its auction site, but shut down that free service last year.
what ya think about
Gollars?