10 December 2016
Visit aciworldwide.com

Google partners Citi and MasterCard on NFC m-payments - WSJ

28 March 2011  |  12207 views  |  0 Mobile phone turning to cash

Google has stepped up its assault on the mobile contactless payments market, beginning work with MasterCard and Citi, according to the Wall Street Journal.

The project will allow people with Citi debit and credit cards to make payments at the point of sale by waving their Google Android handsets against specially equipped terminals, says the WSJ, citing anonymous sources.

The plans also include terminal vendor VeriFone, which according to a recent Bloomberg report will roll out NFC cash-register systems paid for by the search giant.

Google is not expected to take a cut of transaction fees, says the Journal. It plans to make money from the venture by offering retailers more data about their customers to target ads and offers to users near their stores.

Google Sets Role in Mobile Payment - WSJ

KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fed banks map out mobile payments path

Fed banks map out mobile payments path

28 March 2011  |  8014 views  |  0 comments
Google to run commercial trials of NFC at the POS - Bloomberg

Google to run commercial trials of NFC at the POS - Bloomberg

15 March 2011  |  10981 views  |  1 comments
Apple to hold fire on NFC - The Independent

Apple to hold fire on NFC - The Independent

14 March 2011  |  10866 views  |  0 comments
BofA trials BlackBerry contactless payments

BofA trials BlackBerry contactless payments

28 February 2011  |  10693 views  |  0 comments
Widespread NFC adoption still two years away - industry survey

Widespread NFC adoption still two years away - industry survey

24 February 2011  |  13191 views  |  0 comments
Google poaches PayPal's Bedier

Google poaches PayPal's Bedier

27 January 2011  |  10724 views  |  0 comments
Orange plans large-scale NFC roll-out

Orange plans large-scale NFC roll-out

20 December 2010  |  12698 views  |  0 comments
Google Android gets NFC

Google Android gets NFC

16 November 2010  |  14644 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
29 March 2011
Visit capgemini.comFind out moreVisit VocaLink.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8602 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8243 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8039 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7170 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6861 views comments | 20 tweets | 24 linkedin

Featured job

Find your next job