Internet analysts' reactions were mixed to the news that Google plans to start an online payment system this year to rival eBay's PayPal. Though Google has not officially announced what observers are
calling the "Google Wallet" program, news reports said the service would be an electronic payment system similar to PayPal, with declining balance accounts allowing consumers to buy on Web sites
instead of using their credit cards to pay for merchandise on the sites.
Read the whole story at DMNews.com, June 21, 2005 »
