The mobile payment system Google Wallet now works with all major credit cards and will begin transitioning to a cloud-based model. The service allows users to tap their smartphones to pay at a retail checkout location, rather than having to swipe a credit card or shell out cash. It uses near-field communication technology that allows a user’s credit or debit card information to communicate wirelessly across a payment register at select retailers. The technology is widely used in some parts of Asia, but it hasn’t gained mainstream momentum in the U.S.
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Google Wallet Starts Carrying More Plastic
Posted by: Rachelle Dragani August 2, 2012 11:01 AMThe mobile payment system Google Wallet now works with all major credit cards and will begin transitioning to a cloud-based model. The service allows users to tap their smartphones to pay at a retail checkout location, rather than having to swipe a credit card or shell out cash. It uses near-field communication technology that allows a user’s credit or debit card information to communicate wirelessly across a payment register at select retailers. The technology is widely used in some parts of Asia, but it hasn’t gained mainstream momentum in the U.S.