Home Google May Unveil Its Mobile Payments System This Week

Google May Unveil Its Mobile Payments System This Week

Google will announce a new mobile payments service on Thursday, Bloomberg reports. The new service utilizes Near Field Communications (NFC) and so will be only be available on those Android phones that have that technology – namely, the Nexus S from Sprint.

By utilizing NFC, this new mobile payments service will mean that consumers will be able to pay for goods and redeem handsets via specially equipped NFC cash registers. According to Bloomberg, the service will get a trial run in five cities – New York, San Francisco, Chicago, Los Angeles and Washington DC.

Bloomberg says that Google is using hardware and software from VeriFone Systems and ViVOtech in order to run the service, but we might see some other companies involved too, including perhaps Mastercard which has been on the forefront of both NFC and mobile payments.

There have been a number of rumors and reports circulating lately about Google’s plans for NFC and mobile payments, particularly as its Gingerbread Android OS added support for NFC and as Google incorporated the technology into a number of its local services, such as Hotpot.

Google refused to comment on this latest story, but has sent out invitations to a press event scheduled that day.

You can read more about NFC technology and the future of mobile payments in a series of recent stories by ReadWriteWeb’s Sarah Perez.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.