Google Creating Mobile Payment System with MasterCard
Tuesday, April 5th, 2011Google’s dream of creating a mobile payment facility is one step closer with Google close to finalizing a deal with MasterCard and Citigroup that will see Android powered devices embedded with technology that allows customers to make purchases directly through their phone at the check-out.
By using near field communication technology (NFC), Google hopes to make credit and debit cards a thing of the past. If the deal goes ahead then customers with a android powered phone will simply wave their phone in front of a small reader installed at the cash counter and the payment will be processed. The idea is to turn the phones into a kind of electronic wallet.


