Google Unveils Payment Platform for Online Content

Eric Schmidt, speaking at Humboldt University in Berlin, announced Google One Pass, a payment system for online content.

Google launched an online payment platform for digital newspapers and magazines on Wednesday, as a subscription service unveiled by Apple a day earlier came under fire for the size of the bite it takes from publishers. Google will take a 10-percent share of revenue from transactions handled by "Google One Pass," less than the 30 percent charged by Apple for subscriptions to applications sold through the App Store for the iPhone, iPod Touch and iPad.

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