PayDirect was the name of a person-to-person money transfer service by Yahoo!
Yahoo launched PayDirect in March 2000 after purchasing Arthas.com, a provider of electronic billing services.
When Yahoo took over the site, the accounts were managed by the international bank HSBC.
[citation needed] 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).
[citation needed] 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.