2011年5月27日星期五

Google to offer mobile wallets

Google to offer mobile wallets

GOOGLE will today take the wraps off a mobile-payment system that lets consumers pay with phones instead of cards at checkout points, hoping to beat Visa and others to the draw, a source said.

The Internet search and advertising leader will work with MasterCard, the world's second-largest credit- and debit- card-processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday.

Google teamed up with MasterCard and Citigroup to develop the system, the Wall Street Journal reported in March.

It has signed up retail partners Macy's, American Eagle Outfitters and Subway, though it is unclear if the project will be launched nationwide or just in New York initially, the Journal cited sources as saying on Tuesday.

Google has invited reporters to attend a "partner event" today in New York to demonstrate what it called its "latest innovations".

It plans to unveil the mobile- payment system, which will run on the Android operating system and be available on phones from Sprint Nextel Corp, Bloomberg reported on Tuesday.

A source familiar with the matter confirmed that Google would launch the system. Citigroup did not respond to requests for comment. Google, Sprint and MasterCard declined comment.

~News courtesy of Omy~

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