This is from AOL News
Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc (and eBay's popular PayPal service).
Talk about the battle of the big internet companies. It seems like everyone is trying to get their hands into the online payments system. America Online has their AOL wallet. Ebay has PayPal. Yahoo had My Billing services. Everyone wants to get their hands in the internet shopping pie, and to get the consumer's credit card numbers. What bugs me is that as these big internet service companies adopt the online payment services--of which these services will be charged to the consumer's credit cards--how secure will software and firewalls of these online payment systems be in response to computer hacking? Ironically, there is also an AOL news storyabout a computer hacker was able to steal data on 40 million credit card accounts. Now matter how much that these internet service companies may say how secure their systems are, there is always someone who can find a way to beat the system.
Saturday, June 18, 2005
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