CheckSpace Inc., a provider of Internet payments to small businesses and their customers, is prepared to wage war against PayPal Inc., the Palo Alto, Calif., company that leads in person-to-person electronic payments.

Naseem Tuffaha, chief executive officer and co-founder of CheckSpace, said banks will be his one-year-old company’s main venue for gaining market share against PayPal. CheckSpace of Bellevue, Wash., plans to market its products to financial institutions, which could then offer them to small-business owners to keep them from defecting to PayPal.

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