The other revenue shoe drops. Not confirmed, but…this from the Online Journal.
Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.’s PayPal unit, according to people familiar with the matter.
Exact details of the search company’s planned service are not known. But the knowledgeable people say it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts. Some consumers like PayPal for the security it offers, since it allows them to share their banking or credit-card numbers only with PayPal without having to divulge the information to merchants.
Spokespeople for Google and PayPal declined to comment.
More on this later, but…if you want to think about it, read this
Update: Gary has found the “Google Payment Company,” which Google filed paperwork for in CA.
More: Carl Bialik of the Journal kindly offers this free link to the Journal story.
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