Google May Expand Into Online Payments
http://news.yahoo.com/s/ap/20050621/.../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.

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Gollars?
NowhereMan Reviewed by NowhereMan on . GoogLe Dollars anyone ? 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 Rating: 5