Tuesday, January 4, 2011

Google Thinking About Making Its Own Mobile Payment System

By BusinessInsider

Google is considering developing its own mobile payment system based on near field communication (NFC), Olga Kharif at BusinessWeek reports.
NFC is a short range wireless technology that allows you transmit data.
In this case, you'd be able to wave an Android phone at a cash register and pay for a sweater, or whatever you're buying.
The mobile payment field is getting crowded with major credit card companies working on a system, eBay working on something, and Apple hiring NFC experts for its phones.

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