Google’s Schmidt: We’ll offer Google Wallet on iPhone if NFC is added to future models

“Eric Schmidt, Google’s executive chairman, believes that a third of check-out terminals in retail stores and restaurants will be upgraded to allow wireless “tap and pay” from mobile phones within the next year,” Tim Bradshaw reports for The Financial Times.

“The Californian internet company announced a new ‘Google Wallet’ for its Android mobile-phone software last month, alongside partners including Sprint Nextel, the mobile operator, and MasterCard, the payments firm,” Bradshaw reports. “He added that “most [mobile-phone] vendors” have announced they will include the necessary “near-field communication” chip in their devices in the next year, referring to LG, Sony Ericsson and Apple’s rumoured new iPhone”

Bradshaw reports, “Google will make its wallet available for the iPhone if NFC is included in a future version of the device, he said.”

Read more in the full article here.

MacDailyNews Take: Having no desire to pay for some criminal’s fifteen-hundred-dollar leather bustier, we’ll pass, thanks.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Another Irish Dude” for the heads up.]

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  1. So you can collect all financial information too? I’ll pass Eric. Google has already way too much info on me. Last thing i want to do is to rely on Google even more.

  2. Google search = everything you look for on the internet
    Google services = every email, contact, appointment you have
    Google Android = everywhere you’ve been
    Google Chrome = everything you type and click
    Google Wallet = everything you buy

    Anyone sensing a trend here?

  3. “The best thing would be if Google knew what you wanted without you having to type it in. With your permission, with a mobile phone we can trigger search queries about where you are.”

    Wow! Best for whom?

  4. The financial sector should be developing this not some scunmy company that trawls people’s personal data to sell to companies.

    Where’s all this gonna end?

    Google knowing more about you than you do yourself.

    No company should ever have this level of information on anyone.

  5. If Google does develop an iPhone app, then I hope Apple has the quality control in place to make sure that google can’t pry into your personal info. Google would probably create a malware app just to mess up Apple’s track record on IOS security.

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