Feeds

Google boss confirms payment plan

Not aimed at PayPal

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

After rumours earlier this week that the search giant was going after PayPal's personal payment service Google's chief executive has confirmed that the firm is looking at online payments but it would not be competing directly with PayPal.

PayPal parent eBay saw its share price dip sharply on rumours that Google was waiting in the wings.

Eric Schmidt, chief exec at Google, told Reuters: "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."

He said the firm was not creating: "a person-to-person stored-value payments system" - which is PayPal's model. PayPal attracted the attention of regulators when it launched because by storing individuals money it was acting as a bank.

Schmidt would not be drawn on further details beyond: ""We believe that e-commerce can be improved and we are working on ways to improve the user experience."

Some more details on Reuters here. ®

Related stories

Google aims for PayPal
Google finds web-only video clips
Google Books under fire

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.