Google aims for PayPal
Print storyAllegedly...
Posted in Financial News, 20th June 2005 14:38 GMT
Tune into our application security webcast, click here
Google will launch electronic payment services later this year going head-to-head with PayPal which, thanks partly to help from eBay, is currently leading the field.
Google's Wallet service has no official confirmation but has been blamed for a two per cent fall in eBay's share price this morning - eBay owns PayPal. A spokeswoman at Google UK was unable to comment at press time.
The New York Times spoke to a leading online merchant, who insisted on anonymity, who told the paper he'd been appraoched by Google about the new service.
The paper also quoted Scot Wingo, chief exec of ChannelAdvisor, a consultancy for etailers, who said he had heard about the service from clients. A spokeswoman for PayPal told the NYT that she'd heard the rumours too but had no other comment.®
Related stories
Google finds web-only video clips
Google Books under fire
Microsoft vs Google heats up
See what The Register's experts have to say on application security
Can Outsiders Enhance Exchange?
The future of SaaS and IT infrastructure management
Solving on-premise email challenges with on-demand services
The business case for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter