23 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

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

28 March 2011  |  12320 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  |  8081 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  |  11080 views  |  1 comments
Apple to hold fire on NFC - The Independent

Apple to hold fire on NFC - The Independent

14 March 2011  |  10943 views  |  0 comments
BofA trials BlackBerry contactless payments

BofA trials BlackBerry contactless payments

28 February 2011  |  10787 views  |  0 comments
Widespread NFC adoption still two years away - industry survey

Widespread NFC adoption still two years away - industry survey

24 February 2011  |  13327 views  |  0 comments
Google poaches PayPal's Bedier

Google poaches PayPal's Bedier

27 January 2011  |  10804 views  |  0 comments
Orange plans large-scale NFC roll-out

Orange plans large-scale NFC roll-out

20 December 2010  |  12773 views  |  0 comments
Google Android gets NFC

Google Android gets NFC

16 November 2010  |  14726 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
29 March 2011
visit abe-eba.euParticipate in the surveyVisit capgemini.com

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16229 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10086 views 0 | 11 tweets | 8 linkedin
satellite26 Japanese banks register for Exchange-ru...
7482 views comments | 2 tweets | 1 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7455 views comments | 22 tweets | 36 linkedin
Swift outlines ‘compliance utility’ ambitions; plans for next stage of gpi projectSwift outlines ‘compliance utility’ ambiti...
6517 views comments | 5 tweets | 18 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job