CEO Says Google Won't Compete With PayPal
Michael Liedtke, AP Business Writer, reports on comments made earlier Tuesday by Google CEO Eric Schmidt in which Schmidt said Google does not intend to offer a person-to-person, stored-value payments system.
"The payment services we are working on are a natural evolution of Google's existing online products and advertising programs which today connect millions of consumers and advertisers," Schmidt said. He declined to elaborate.
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