Google Launches Payment Service, Competing With PayPal

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. For More