Google Launches Payment Service, Competing With PayPal

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Google Inc. yesterday unveiled its long-anticipated service for helping consumers make purchases online, setting up a potential rival to eBay Inc.’s popular PayPal system.

Called Google Checkout, the service holds consumers’ credit card numbers and account information for a “one-click” shopping experience at participating retailers. This means shoppers won’t have to spend time entering such information at every online store where they buy something……………More At…….

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