“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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