# Google is expected to announce “mobile wallet” services tomorrow on the Google Nexus S, allowing users to make payments on Mastercard PayPass terminals using near-field-communication (NFC) technology.
# The Google Nexus S is the only current phone that can use NFC in Google’s lineup thus far
# The service would let consumers pay for purchases with their phones
# It could also be used to redeem coupons and stack up loyalty points, assuming their phones are equipped with NFC (near-field communications) chips like Google’s recent Nexus S smartphone.
# Five cities will launch the service this summer in New York, Los Angeles, Chicago, San Francisco and Washington, D.C.
# Google will open up the payment platform so that developers will be able to implement NFC technology in their apps.
# Citing “three people familiar with the matter,” Bloomberg writes,
“Sprint said last month it was working with a variety of handset makers and technology companies on NFC payment systems. Google plans to introduce the service in five cities — New York, San Francisco, Los Angeles, Chicago and Washington, D.C. – – three people said in March. […] Google is using hardware and software from companies including VeriFone Systems Inc. (PAY) and ViVOtech Inc. to run the service, two people said at the time.”
What To Expect From Google’s Mobile Payments Platform
