InfoAnda - Google to unveil mobile payments Thursday: source |

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

Travellers shun capsule hotel | 5 March 2011
Ukraine closes all schools, cinemas over swine flu | 31 October 2009
Analysis: Campaign vow meets harsh Afghan reality | 5 October 2009

Nokia CEO sees billions from Microsoft deal | 14 February 2011

Forum Views () Forum Replies ()

Read more with google mobile : Google to unveil mobile payments Thursday: source |

Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Tornadoes leave seven dead in Oklahoma, Kansas | 2:35am EDT Hines Ward scores "Dancing With the Stars" win 12:37am EDT Zuma plans Libya trip to discuss Gaddafi exit: radio | 2:34am EDT San Diego family of 4 found dead in pool and bathtub 24 May 2011 Democrat Kathy Hochul wins upstate New York race 12:11am EDT Discussed 326 Obama and Netanyahu face tense meeting on Mideast 125 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by Watched Deadly Missouri tornado captured on video Mon, May 23 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 The business of managing old age 3:22am EDT Google to unveil mobile payments Thursday: source Tweet Share this By Maria Aspan and Sinead Carew NEW YORK (Reuters) - Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the... Email Print Related News Gasoline demand dips even as cost falls: MasterCard Tue, May 24 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 Dodd-Frank hurt mobile payment system plans: AT&T Fri, May 13 2011 Analysis & Opinion Tech wrap: Microsoft carts out Mango phone OS Tech wrap: Liberty Media eyes Nook e-reader Related Topics Technology » Media » Samsung's Nexus S mobile phone, the first smartphone to use the Android 2.3 ''Gingerbread'' operating system, is displayed at the GSMA Mobile World Congress in Barcelona February 15, 2011. Credit: Reuters/Albert Gea By Maria Aspan and Sinead Carew NEW YORK | Tue May 24, 2011 7:03pm EDT NEW YORK (Reuters) - Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday. Google has teamed with MasterCard and Citigroup Inc to develop the system, the Wall Street Journal reported in March. It has now signed up retail partners Macy's Inc, American Eagle Outfitters Inc and Subway, though it is unclear if the project will be launched nationwide or just in New York initially, the Journal cited sources as saying Tuesday. Google invited reporters to attend a "partner event" on Thursday in New York to demonstrate what it called its "latest innovations." It plans to unveil a mobile payments system that will run on the Android operating system and be available on phones from Sprint Nextel Corp, Bloomberg reported on Tuesday. A source familiar with the matter confirmed Google would launch the program. Citigroup did not respond to requests for comment. Google, Sprint and MasterCard declined comment. About a decade after they were dreamed up by engineers and marketers, mobile wallets are still far from commonplace in the United States, stymied by industry infighting, consumer tastes and regulatory hurdles. That has not stopped banks, phone makers and technology companies -- fearful of being left behind -- from trumpeting the concept. Shoppers abroad, especially in Asia, can already wave cellphones at the check-out counter to pay for everything from groceries to gasoline. ELBOWING TO THE FRONT Now, a growing number of mobile operators, banks, technology companies and card processing networks like Visa Inc and MasterCard are vying to gain a foothold in the still-small but high-potential U.S. mobile payments market. Three of the top U.S. mobile carriers -- AT&T Inc, Verizon Wireless and T-Mobile USA -- are also looking for bank and network partners to launch their Isis mobile payments venture. The companies recently scaled back initial plans to build a new payment processing network that would have competed with dominant industry players Visa and MasterCard. Since last year, Visa has tested pay-by-phone technology with several large U.S. banks, including Bank of America Corp and Wells Fargo & Co. "There's room for more than one competitor," said Google Ventures Managing Partner Bill Maris, speaking about the industry in general. Such services would appeal to consumers if they can help them save money or shorten their time in line at the supermarket check-out, he added. "The experience of buying things will be better, faster, cheaper," he said. Details are sketchy, but the Journal reported Google was unlikely to get a cut of transactions, focusing instead on benefiting by helping retailers target ads and discount offers to Android users close to stores. Currently, credit card companies charge merchants transaction fees. Other players, such as wireless operators AT&T and phone makers from Research In Motion to Apple Inc, are likely to demand a cut of sales. This puts U.S. retailers in the uncomfortable position of possibly surrendering more margins. (Additional reporting by Sinead Carew in New York and Alexei Oreskovic in San Francisco; Writing by Edwin Chan; Editing by Gary Hill and Richard Chang) 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 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 Wednesday, 25 May 2011
Pakistan returns U.S. helicopter from bin Laden raid |
New data suggests military aspect to Iran's nuclear work: IAEA |
Mubarak to be tried for murder of protesters |
Sudan's Bashir says Abyei belongs to north |
New entrepreneurs on the rise in socialist Cuba |
Exclusive: SEC wasted $1 million on data storage, watchdog says |
TiVo results jump thanks to legal settlement |
Videoconference firms eye Iceland ash cloud boost |
Men still behaving badly in Hangover Part II |
Anti-Americanism rife in Pakistan army institution: Wikileaks |
North Korea leader's train arrives in Chinese capital |
Two German airports shut as volcanic cloud drifts |
Iraqi forces eye readiness ahead of U.S. pullout |
Zuma plans Libya trip to discuss Gaddafi exit: radio |
Car bomb destroys police station in Pakistan, 2 dead |
Greece considers referendum on austerity: reports |
U.S. sanctions Venezuelan oil giant for Iran trade |
Nokia to launch its first Window phone late this year: media |
Google to unveil mobile payments Thursday: source |
Analysis: Sony Ericsson needs Sony firepower for Android war |
China urges greater attention to safety at iPad factory blast |
U.S. smart grid to cost billions, save trillions |
Lauren is Idol frontrunner despite vocal troubles |
Hines Ward scores Dancing With the Stars win |
Yemenis flee sporadic gunbattles in capital |
Thousands flee Sudan's Abyei as militias move south |
Abbas says Netanyahu offers no hope for peace |
West wants Syria case sent to U.N. council: diplomats |
Putin is saint and saviour for Russian cult |
Thaksin's sister shakes up tense Thai election |
South Korea probes second report of U.S. army chemical dumping |
French minister in sex harassment case |
Social phenom Zynga on cusp of mega IPO: report |
Skype founder sees upside for Microsoft after deal |
Microsoft's mobile software gets HTC, ZTE lift |
Morgan Stanley allows broker use of social media |
BofA, JPMorgan, Wells form JV for online banking services |
Yandex has international ambitions |
Scientists ask Britons to help map Grimsvotn ash |
HTC CEO says Windows Mango phones in development |
Oprah Winfrey bows out with simplicity, gratitude |
A Minute With: Kara DioGuardi about her return to TV |
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