Tech Industry

Short Take: Yahoo unveils person-to-person payment service

To better compete in online auctions, Yahoo said it launched PayDirect, a person-to-person payment service that lets consumers settle purchases through email. The service is a result of Yahoo?s acquisition of Arthas.com earlier this year and a partnership with CIBC National Bank.

To better compete in online auctions, Yahoo said it launched PayDirect, a person-to-person payment service that lets consumers settle purchases through email. The service is a result of Yahoo?s acquisition of Arthas.com earlier this year and a partnership with CIBC National Bank.