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Google Wallet Coming To Handle Online Payments?

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According to the WSJ , Google has plans to offer online payment services.

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.

The article also points out that some believe the code name for the service is "Google Wallet."

A New Company
I did a bit of research (love that deep web (-:) after reading the article and discovered that two months ago Google filed the paperwork with the California Secretary of State and formed the Google Payment Corporation. Interesting.

Btw, here are a list of other "active" Google corporations:

  • Google Financial Services, Inc. (Filed 8/27/2002)

  • Google Inc. (Filed 9/3/2002)

  • Google Foundation (Filed 8/24/2002)

Update: The Associated Press has also published a story.

Update: In case you're wondering, a person in California registered GoogleWallet.com on Thursday, a day before the WSJ story was published.


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