Yahoo! PayDirect was the name of a person-to-person money transfer service by

Yahoo! Yahoo (, styled yahoo''!'' in its logo) is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, y!entertainment, yahoo!life, and its a ...

via

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

, competing with Billpoint and

PayPal PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support E-commerce payment system, online money transfers; it serves as an electronic alter ...

. Yahoo launched PayDirect in March 2000 after purchasing Arthas.com, a provider of electronic billing services. Arthas' dotBank.com service allowed customers to make online bill payments and to exchange money with other customers. When Yahoo took over the site, the accounts were managed by the international bank HSBC. In 2000, Yahoo extended the Yahoo PayDirect service to mobile phones, as part of its Yahoo Everywhere initiative. Yahoo PayDirect was initially launched with CIBC National Bank as the financial partner (based in Maitland, Florida, and a subsidiary of CIBC - one of the major Canadian banks). The service was subsequently migrated to

. The Yahoo PayDirect service was discontinued effective November 22, 2004, leaving only a web page
biz.yahoo.com/paydirect
showing "The PayDirect service and website is closed and now unavailable."

References

{{Digital payment providers Discontinued Yahoo! services Financial services companies established in 2000 Payment service providers Defunct websites

See also

References