Looks like Google is serious in penetrating the online payment arena. Job postings on Yahoo! Jobs this week abound with openings for Credit Fraud and Risk Management Specialists for Merchant Payments.
Some insteresting links to check out:
- Fraud Operations Manager
- Credit Operations Manager – Merchant Payment Solutions
- Collections Specialist
- Risk Management Specialist
Rumors claim that Google Wallet will not go against payment processor Paypal of eBay but will primarily serve as a channel to process transactions made thru Google Adwords and AdSense.
Googles revenue reached $1.26 billion for the first quarter of the year alone. That volume of transactions could be more profitable if you have online payment transactions coursing thru Google Wallet.
Whatever it will become, I just hope they do include Philippines on their approved list so we can have some credible, affordable and efficient payment gateway for international transactions.