Report: Google planning mobile payment trial
Google plans to begin testing a mobile payment service within the next four months, according to a report today.
The company will pay for the installation of thousands of NFC (Near-Field Communication) short-range, wireless point-of-sale systems from VeriFone at stores in New York and San Francisco, Bloomberg reported, citing two unidentified sources familiar with the project. Users of phones with NFC chips in them could then make payments by holding the devices up to the specialized reader.
A Google representative said the company was not commenting on the report. Representatives from VeriFone did not respond to an e-mail seeking comment.… Read more