InfoAnda - Google takes wraps off pay-by-phone system |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

USDA: Glitch with foreign SS numbers is fixed | 3 November 2009
Country singer Ferlin Husky hospitalized in Tenn. | 4 July 2009
California's legal pot plans go up in smoke | 3 November 2010

Apple says had sold 1.7 million iPhone 4 on Saturday | 29 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : Google takes wraps off pay-by-phone system |

Edition: U.S. Article Comments (0) Slideshow Video Follow Reuters Facebook Twitter RSS YouTube Read Joplin tornado chaos leaves hundreds still missing | 26 May 2011 Boyfriend says Casey Anthony never told him of abuse 26 May 2011 Clinton in Pakistan, presses for more to quash 1:06am EDT Hundreds still missing in tornado-hit Missouri city 26 May 2011 EBay and PayPal sue Google over trade secrets 26 May 2011 Discussed 128 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by 94 Obama departs for Europe trip, explores Irish roots Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Hundreds missing after tornado 2:40am EDT Paying by phone not credit card Thu, May 26 2011 small business Will "Oprah effect" endure? Over her 25-year run, an endorsement from Oprah Winfrey has been a cure-all for many small businesses. But who will they turn to now that the daytime TV queen is leaving? Full Article | Slideshow Chicago looks to SPARK startups Conan O'Brien makes innovators list TechStars on how to pitch investors Google takes wraps off pay-by-phone system Tweet Share this By Maria Aspan and Jennifer Saba NEW YORK (Reuters) - U.S. shoppers soon will be able to use mobile phones to pay for things at the checkout counter under a system unveiled by Google Inc and other major companies. Google, MasterCard, Citigroup,... Email Print Related News Google takes wraps off pay-by-phone system Thu, May 26 2011 Google to unveil mobile payments Thursday-source Wed, May 25 2011 Mobile wallet roll out starts with small change Fri, May 20 2011 NXP says demand for NFC chips to soar Thu, May 19 2011 HTC to tap tablet boom with many models Tue, May 17 2011 Analysis & Opinion Tech wrap: Microsoft backs Ballmer Why clearXchange is great for payments Related Topics Technology » Small Business » Personal Finance » Media » Related Video Google's cash-free shopping spree Thu, May 26 2011 Paying by phone not credit card 1 / 5 Attendees watch a demonstration of the Google wallet application screen during a news conference unveiling the mobile payment system in New York May 26, 2011. Credit: Reuters/Shannon Stapleton By Maria Aspan and Jennifer Saba NEW YORK | Fri May 27, 2011 1:03am EDT NEW YORK (Reuters) - U.S. shoppers soon will be able to use mobile phones to pay for things at the checkout counter under a system unveiled by Google Inc and other major companies. Google, MasterCard, Citigroup, Sprint and transaction processing company First Data will make the service available this summer in New York and San Francisco, Google said on Thursday. The service, which competes with plans by Visa and other top U.S. banks and mobile phone companies, is similar to how people shop in Asia, where some customers already routinely wield smartphones like credit cards. For U.S. banks, mobile payments are a way to wean their customers from cash and make more money. Merchants pay banks fees every time a shopper buys something with a credit or debit card, and Google said it would not take a cut of those fees from the new pay-by-phone system. Designed to work as an app on Android phones, Google's service hitches a ride on MasterCard's "PayPass" chnology, which lets shoppers tap cards for payment. Google has signed up retailers including Macy's Inc, American Eagle Outfitters Inc and Subway to blend the service with loyalty programs and discount offers. Google plans to take a slice of revenue from another project it released on Thursday called "Google Offers" which are coupons and daily discount deals. For example, executives described how someone walking by a Macy's poster can tap on an area, triggering a coupon that shows up in the mobile wallet. That person can save the coupon for use at checkout. "Google's interest here isn't in the payments, it's in the data that underlies the complete chain of commerce including consideration, promotion, transaction details, coupons, and receipts," said Forrester Research analyst Charles Golvin. In the United States, mobile payments face hardware obstacles and other hurdles. Also, the credit and debit card market is much more developed than in many markets abroad where more people use mobile phones more than credit cards. Americans "are in love with their phones," but don't have the technology to use them to pay for things, said Chris McWilton, MasterCard's head of U.S. markets. Full adoption of this and other mobile payment systems would take "years," McWilton said, and would depend on merchants upgrading their terminals. Google and its partners will subsidize equipment upgrades for merchants so they can accept mobile payments. To ease the minds of people concerned about the theft of mobile phones and personal data, Google said it could deactivate the virtual credit cards much as a bank would cancel a stolen card. Google Wallet will require a customer to enter a password before making a payment with the phone. BEATING ISIS TO THE PUNCH Some large U.S. companies have raced to make the technology a reality since last year. Citigroup MasterCard holders with PayPass-enabled cards will get first crack at Google's service. The Internet giant also plans to sell a virtual prepaid card similar to PayPal's online payment service. If the service is launched this summer as expected, it would beat rival Isis. The venture between Verizon Wireless, AT&T and T-Mobile USA has said its service would be launched early next year. Google plans to open the Wallet app to other carriers including Isis. Richard Clemmer, Chief Executive of NXP, Google's mobile wallet chip partner, expects that there will be at least 20 phone models on the market with NFC chips by the end of this year. The number could be as high as 40 around the world. Visa Inc has also tested a pay-by-phone system with several large banks, including Bank of America Corp and Wells Fargo & Co. The world's largest credit and debit card processing network has said it plans to make its mobile payments system commercially available this year. For Citigroup, which has a large international operation, the new mobile payments system will help it expand into online and digital banking. The third-largest U.S. bank by assets is trying to gain more business by offering new features for its wealthy, urban, tech-savvy customers. "You're going to see us be very focused on this area over the coming decade," said Paul Galant, Citigroup's head of global enterprise payments. (Reporting by Maria Aspan, Jennifer Saba, and Sinead Carew; Editing by Robert MacMillan and Richard Chang) Technology Small Business Personal Finance Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 27 May 2011
Syrian forces fire on Deraa protesters: witnesses |
Roadside bomb kills seven U.S. troops in Afghanistan |
Gunmen kill Iraqi official who purged Saddam loyali |
Mexico's Ernesto Cordero eyes 2012 presidential run |
Witness: An evening with Ratko Mladic |
Lockheed network suffers major disruption: sources |
Facebook, Zuckerberg say ownership suit a fraud |
Republicans, Democrats skeptical of AT&T deal |
Sloppy recycling seen posing threat to green tech |
Google takes wraps off pay-by-phone system |
Microsoft board backs Ballmer over Einhorn |
NY court keeps alive suit against Huffington Post |
LinkedIn options to start trading in U.S. on Friday |
Lindsay Lohan starts house arrest for jewelry theft |
Oprah Winfrey bows out with simplicity, gratitude |
Men still behaving badly in Hangover Part II |
Clinton in Pakistan, presses for more to quash |
Ratko Mladic to face tribunal on genocide charges |
North Korea says it releases detained U.S. citizen |
Civil war looms in Yemen, Saleh urged to quit |
Japan powerbroker Ozawa ready to challenge PM: report |
Bomb blast in southeast Turkey wounds two |
G8 pledges financial help for Arab spring nations |
East Libyans spend dwindling savings on bare basics |
Google takes wraps off pay-by-phone system |
EBay and PayPal sue Google over trade secrets |
Analysis: S.Korea's smartphone love affair lures foreign suitors |
Eircom in talks ahead of likely covenant breach |
Facebook, Zuckerberg say ownership suit a fraud |
Lindsay Lohan starts house arrest for jewelry theft |
Old friends Stoller, Butler make new Broadway musical |
Air France jet crashed nose-up after 4 minute ordeal |
Russia joins Western chorus for Gaddafi to go |
Protests erupt across Syria as world pressure grows |
Egyptians demand deeper and faster reforms |
Generals questioned as Turkey's pre-poll tensions show |
Iran says nuclear bomb would be strategic mistake |
Palestinians have no wish to isolate Israel: Abbas |
Microsoft not too late for tablet party: Citigroup |
Sony to begin restoring PlayStation Network in Asia |
Mobile devices useful travel companions: poll |
U.S. lawsuit claims RIM misled investors |
Activist Icahn cuts stake in Take-Two Interactive |
Solar panels win reprieve in EU toxic substance ban |
Tessera sues Sony for non-payment of loyalty |
Jessica Chastain off to roaring start in Hollywood |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01