e-business

Microsoft to launch paypal/Google checkout competitor?

Bill Gates announced today in Davos, Switzerland at the World economic forum that M$ is planning to launch a brand new online payment system. This system, apparently will be “cheaper than credit card transactions”

From the sound of it, looks like this is the biggest thing Microsoft is entering into after windows 95. As noted before, unlike paypal and google checkout, this is not simply a credit card transactions facilitator that they are planning to come up with but an alternate system to credit cards for doing transactions online.

“If you want to charge somebody $0.10 or $1 a month, that will just be a click…you won’t have to manage some funny thing or pay some big credit charge, where half of it goes to the clearing,” Gates said

[source]

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