Google may jump into the mobile payment arena with a service that would let you check out at brick-and-mortar stores by waving your phone at the register, according to a report from Businessweek. The service could launch in 2011, and it would use near-field communication (NFC) technology to let customers pay by waving their phones up to 4 inches away from a checkout station.Google chief Eric Schmidt suggested in November that NFC would eventually replace credit cards. Android 2.3 Gingerbread already includes some minor NFC functionality: it can read NFC tags, but not broadcast them to other devices (like registers). Buried in the Businessweek story is the information that Samsung's Nexus S handset already has the hardware to support NFC, and it will likely be the test device for Google's payment system.
eBay-owned PayPal is also readying an NFC-based payment service, says Businessweek. This one would allow transactions between PayPal users, not just between customers and businesses.
Google considering NFC mobile payment system originally appeared on Download Squad on Tue, 04 Jan 2011 14:00:00 EST. Please see our terms for use of feeds.
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Source: http://downloadsquad.switched.com/2011/01/04/google-NFC-mobile-payment/
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