by Jay Hathaway on January 4, 2011 at 02:00 PM
Google may jump into the mobile payment arena with a service that would let you check out at brick-and-mortar stores by waving your phone at the register, according to a report from Businessweek. The service could launch in 2011, and it would use near-field communication (NFC) technology to let customers pay by waving their phones up to 4 inches away from a checkout station.
Google chief Eric Schmidt suggested in November that NFC would eventually replace credit cards. Android 2.3 Gingerbread already includes some minor NFC functionality: it can read NFC tags, but not broadcast them to other devices (like registers). Buried in the Businessweek story is the information that Samsung's Nexus S handset already has the hardware to support NFC, and it will likely be the test device for Google's payment system.
eBay-owned PayPal is also readying an NFC-based payment service, says Businessweek. This one would allow transactions between PayPal users, not just between customers and businesses. Tags: android, bump-to-pay, cellphones, ebay, future, google, mobile, near-field communication, Near-fieldCommunication, NFC, payments, paypal
Google considering NFC mobile payment system
5:28 AM
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There are thousands of vital problems to be worked out, from security to access control. The problems will be solved because it’s the next evolutionary step – the only question now is, which comes first: credit cards becoming obsolete because they’re in our phones, or the phones becoming obsolete because they’re embedded under our skin and about a millimetre across.
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