I still don’t think this will save the newspaper industry… sorry…

For quite some time now, the newspaper industry s struggling for a better subscription payment system that can handle online transactions  effectively.  Until now, online newspaper are still in a dilemma in trying to create this system. Thanks to Google, newspaper publisher may soon use Google Checkout which is extending its functionality  by coming out with a micropayment system.The NewMan Journalism Lab is reporitng that Google has submitted a proposal outlining Google’s “vision of a premium content system”. This shall include subscription across multiple news sites, syndication on third-party sites, search accessability and other payment options, such as the a micropayment system. Google is also advocating the open web benefits.

The micropayment system would also include transaction cost, and credit card  fees. Google also plans to share the revenues its generates from Google Checkout  similar to have Apple’s iTunes store are doing it.

via Can Google Save Newspapers with Google Checkout? | Search Engine Journal.