TELECOM Digest OnLine - Sorted: Report: Google to Start New Payment System

Report: Google to Start New Payment System

Monty Solomon (
Sat, 18 Jun 2005 14:30:03 -0400

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

A Google spokesman declined to comment on the report.

The likelihood of Google rolling out an online payment system to rival
eBay's popular PayPal service became a hot topic during an Internet
conference hosted Thursday by Piper Jaffray.


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