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Fri, Sep 16 2011 Chip in new BlackBerrys opens door to use as ID Thu, Sep 15 2011 Chip in new BlackBerrys opens doors Thu, Sep 15 2011 AT&T fights back at U.S. challenge of T-Mobile deal Fri, Sep 9 2011 Google buys Zagat to vie with OpenTable, Yelp Thu, Sep 8 2011 Analysis & Opinion Why we’re in the dark about the mortgage market M & A wrap: Hulu auction at risk Related Topics Technology » Media » People walk past a logo next to the main entrance of the Google building in Zurich March 9, 2011. Credit: Reuters/Arnd Wiegmann Tue Sep 20, 2011 5:37am EDT (Reuters) - Google Inc has enlisted Visa Inc in its effort to push mobile payments, striking an agreement to allow Visa account-holders to pay for store purchases with their smartphones. Visa comes onboard a "Google Wallet" project already supported by Citigroup, MasterCard, Sprint Nextel Corp and First Data. In May, the group announced a trial of a system that lets shoppers store money on phones and pay at checkout. Rival Isis, a venture between Verizon Wireless, AT&T Inc and T-Mobile USA, has already signed partnerships with all the major card networks, including MasterCard and Visa. But while Sprint announced the launch of the Google Wallet service on Monday, Isis has said its rival service will not launch until early next year. Google's system competes with plans by other top U.S. banks and mobile phone companies and employs near-field communication (NFC) technology, used widely in Asia. On Monday, Google and Visa said the Internet search leader had received a worldwide license to Visa's "paywave" -- similar to Mastercard's PayPass -- enabling its installation on Android smartphones. Customers link their credit or debit bank accounts to Android phones with the Google Wallet app installed. They can then tap their phones -- which come with an NFC chip -- at specially installed terminals at checkout to effect a purchase. "This agreement extends Google Wallet to Visa account holders worldwide," said Stephanie Tilenius, Google's vice president of Commerce and Payments. "This is a crucial step toward realizing our shared vision for the future of mobile commerce." For U.S. banks, mobile payments are a way to wean their customers off the use of cash and generate more revenue. Merchants pay banks a fee 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. (Reporting by Edwin Chan; editing by Andre Grenon) Technology 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 through relevant opinion, anecdotes, links and data. 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. 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