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Report: Google to Test Mobile-Payment System

Mar 16, 2011  •  Post A Comment

"Google Inc. plans to start testing a mobile-payment service at stores in New York and San Francisco within four months, letting shoppers use their phones to ring up purchases, three people familiar with the project said, Bloomberg reports.

The story added, "The company will pay to install thousands of special cash- register systems from VeriFone Systems Inc. (PAY) at merchant locations….ViVOtech Inc., a provider of mobile-payment technology, will also play a role in the tests, which will include Los Angeles, Chicago and Washington, D.C., one of the people said."

Explaining what Google is doing, the article notes,"The project would put Google in a growing field of companies experimenting with so-called near-field-communication technology, which lets consumers pay for products and services by tapping a device against a register at checkout, giving them an alternative to cash or physical credit cards. The Google service may combine a consumer’s financial account information, gift-card balances, store loyalty cards and coupon subscriptions on a single NFC chip on a phone."

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