dticorp
Joined: 19 Aug 2006
Posts: 1760
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| Posted: Wed Jan 05, 2011 10:34 am Post subject: Google to Launch Mobile Payment Service? |
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Google to Launch Mobile Payment Service?
BusinessWeek is reporting that Google is planning to launch a mobile-payment service based on near-field communication (NFC), enabling payment via cellphone at retailers.
Google joins several other companies with similar plans. Late last year, Verizon, AT&T, and T-Moble unveiled Isis, their own plan for NFC payments due in mid-2011, and eBay is said to be working on a system where phones could beam PayPal payments, also due later this year. NFC is a technology that communicates only over very short ranges—a matter of inches—and is built into very few phones currently on the market.
The report, based on anonymous sources, lines up with recent comments from Google CEO Eric Schmidt. "You'll be able to walk in a store and do commerce. You'd bump for everything and eventually replace credit cards," he said at a technology conference in November.
Rest of the article here:
http://www.pcmag.com/article2/0,2817,2375108,00.asp
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