Well thats some good news, i just hope it comes free, and easy to use. And not forgetting the ability to merge with any bank account globally.
And besides i love the competitive world. You have my support Google, Go for it
Source: WALL STREET JOURNAL

Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.’s PayPal unit, according to people familiar with the matter.

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.

For Google, Mountain View, Calif., a payment service could represent a significant expansion beyond online advertising, which generated 99% of its $3.2 billion in revenue last year. Online-payment providers typically generate revenue by taking a commission on each transaction.

Depending on the exact details, Google’s move could potentially threaten eBay’s successful PayPal service, which generated $233.1 million, or 23% of eBay’s revenue in the first quarter. PayPal has been widely adopted by buyers and sellers on eBay’s auction marketplace as a way to pay for purchases. Recently, eBay has been trying to expand PayPal’s presence as a payment system for other Web sites. In the first quarter, 71% of PayPal’s revenue came from eBay auctions, the company says.

“It could be a pretty big negative for eBay if it happens,” says Safa Rashtchy, Internet analyst at Piper Jaffray. Mr. Rashtchy said he believes Google is also working on a classified-listing service, which also would compete with eBay, San Jose, Calif.

The moves would highlight the growing rivalry between the two Internet companies, even while eBay itself is a big buyer of Google’s online ads. For example, many eBay sellers now also sell through their own Web sites, to which they attract shoppers by buying search-related ads on Google.

Google has offered a hint that it might set up an online-payment service. Its Web site says the company will eventually allow consumers to pay to view videos online. But Google to date has not provided any details of any payment-service plans. Google currently accepts credit-card payments for some services, including advertisements and customized research.

Rumors about a new Google payment service escalated following a panel discussion at a Piper Jaffray Internet conference on Thursday. At the conference, Scot Wingo, chief executive of ChannelAdvisor, a Morrisville, N.C. e-commerce consulting firm, said he believed the payment service would be launched soon. In an interview, Mr. Wingo said he based his statement on questions from retailers with which his company works. Mr. Wingo said the retailers have asked him whether ChannelAdvisor would support the service, which some believe goes by the code name Google Wallet.

During the discussion, Patrick Byrne, president of online retailer Overstock.com Inc., recalls saying, “Yes, this Google Wallet sounds like it might be great. But is all this public yet?” In an interview, Mr. Byrne says he has not had any “substantive discussions” with Google about a payment service.

Beyond a possible additional revenue stream, an electronic-payment service could give Google more insight into the effectiveness of its core advertising service. Google might be able to better track whether users who click on search-related advertisements make purchases from the advertiser.

Disclaimer: This Posting does not refer to anybody nor does it describe any body I know of. It was just a mere opinion on what I see and try to explain. Please bear in mind that opinions are just what they are, they do not necessitate facts and thus they should be taken with a pinch of salt if they are not in accordance with your beliefs.

Tapping back to history from the gold rush in 1848 California, to the Dotcom craze during the 90s. The influx of prospectors, adventurers or even dreamers streaming from every nuke and cranny,was really something that had a mark in history but then again here we are in the year 2005, people still Never learn.

Today we see the ever increasing rise of different websites ranging from social networks, to on-line shopping malls in Third world countries especially from the African region. The main motivation behind all this is the websites they see when they browse the net, and they quickly assume that this websites are really making huge amount of profits. They go and build a similar website based on the concept.The pathetic issue here is that this websites are located in the Developed part of world and the market is for the developed market !!. And really most of this imitators do not really know what a simple word like E-commerce means. Or even to go into the extreme of understanding the marketing concepts, and then mastering it, and developing ever changing marketing techniques to suit it. Well so to say its just easy, get a website on-line, register a domain, and start selling, or start running forums and maybe probably the regular income would just stream in.

How many even know that a canonical “dot-com” company’s business model relies on network effects to justify losing money to build market share, or even mind share, through giving their product away in the hope that they could eventually charge for it. (It’s worth noting that Amazon.com and other successful survivors of the era (*.com crash) proved this strategy sound in the long term, for a small few.) Many raised cash through public offerings on the stock exchanges, with stock often soaring to dizzying heights and making the initial controllers of the company wildly rich on paper.

Well from what I know Amazon the no1 when it comes to on-line shopping in terms of price and recognition is still owing banks huge amounts of money. Now the question is do they even make profit? From what I can tell No. So first of all, from what I understand about on-line businesses is that you have to know the market, then study it, then you can then develop ever changing ideas from that based on market trends, and besides you have to also get a source for investment to get a professional set-up to ensure that you have a grip on the market.

Now how many African on-line portals, are really up to that standard? I can really count them with my finger tips, maybe in Nigeria (shopforless.com) and a few others . Yet you still see young lads building up portals, hosting it, and wasting a lot of money hoping that they would earn a regular income through that (Well we the hosters get to earn from that :p). The future I see is a future of regret and withdrawal. But then again who knows?. I just hope that if its the later they don’t burn badly.

SmartDeck allows you to control your iPod using the built in controls of your cassette player. Using patent-pending sensing technology, the SmartDeck determines which commands the cassette player sends to the iPod.

SmartDeck is more than just a cassette adapter for iPod; it achieves truly seamless integration between iPod and cassette deck. Use the cassette deck’s forward and rewind buttons to advance to the next or prior songs in the iPod playlist. Pause and stop buttons do what pause and stop buttons are expected to do. Hit the cassette deck’s Eject button or switch from Cassette to Radio, and Griffin’s SmartPlay technology automatically pauses the iPod.

SmartDeck Features and Benefits

Clear, high-quailty audio and iPod control together in one brainy cassette adapter. What more could you ask for?

Whats wrong with the world?? why are they so crazy of only protecting the young ones. what about us??

LONDON, England — Children under the age of 8 should not be given mobile phones by their parents, the head of an official safety study in Britain has warned.

William Stewart, chairman of Britain’s National Radiological Protection Board (NRPB), said Tuesday he believed that mobiles might pose a health risk, although this was not yet proven.

Recent reports from Europe raised concern over possible links between mobile use and tumors in the ear, and any health risk — if it exists — is certain to be greater for children than for adults, he said.

“When you come to giving mobile phones to a 3- to 8-year-old, that can’t possibly be right,” Stewart told BBC radio.

“I believe that parents have a responsibility to their children not simply to throw a mobile phone at children and say ‘There you go.’

“If there are risks — and we think there may be risks — then the people who are going to be most affected are children, and the younger the child, the greater the danger.”

Excuse me?? what the hec do they mean??

Stewart was speaking ahead of Tuesday’s publication of a report by the NRPB following up an inconclusive study in 2000 by the Independent Expert Group on Mobile Phones, which he also chaired.

The 2000 report recommended a “precautionary” approach to mobiles, urging adults to keep conversations short — and to discourage children from using handsets.

Since then, the NRPB has carried out an expert review of research into the health effects of mobiles and of the base stations and masts that relay signals between phones.

Stewart said that no firm conclusion had been reached on the possible impact of mobile phone technology on the human body.

No firm conclusion???? we can see here that the phone companies are protecting the ir market through people like Stewart though he might not work for them nor even talk on behalf of them. but there must be something wrong somewhere dont you think. i mean all the so called radiation it emmits people still say no firm conclusion has been reached??? what the hec?????

hum why did i use the word future? i dont know . perhaps i have finally settled. no more playing with my databases and other stuffs. hum . so what next. yeah still thinking about my guestbook. designing actually. i want something simple. by tonight i would upload it. the rest is quite simple. like the about me section. the links section have to do some modification . um watelse my pictures. still doubting whether i am really gonna put something in it. apart from that everything is just fine. anywayz thats all for now and stay tuned for more contents. thank you.