According to reports, Google is preparing to roll out a payment system on Sprint phones that would use near-field communications (NFC) technology. Bloomberg reported that the service would be available across five different U.S. metropolitan regions: New York, San Francisco, Los Angeles, Chicago and Washington, D.C.
Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday. Google has teamed with MasterCard and Citigroup Inc to develop the system, the Wall Street Journal reported in March. It has now signed up retail partners Macy's Inc, American Eagle Outfitters Inc and Subway, though it is unclear if the project will be launched nationwide or just in New York initially, the Journal cited sources as saying Tuesday. <<continue reading>>
