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Google Expected to Unveil Payment System

IN BRIEF / INTERNET

June 28, 2006|From Reuters

Google Inc. is expected to unveil today an online payment system called GBuy, which analysts say will allow merchants to accept payment for services and could become a broad-based alternative to EBay Inc.'s popular PayPal.

Danny Sullivan, editor of SearchEngineWatch.com, said he expected Google to target online merchants rather than consumer-to-consumer payments, which is PayPal's traditional strength.


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