Google on Thursday reported that mobile payment sy

SAN FRANCISCO, May 25 morning news, informed sources said on Tuesday, Google on Thursday launched a mobile payment system that allows consumers to store credit card payments with Android phones instead.
the person told Reuters on Tuesday, Google will be the second largest credit card issuer MasterCard (MasterCard) to launch the system. The newspaper on Tuesday quoted sources as saying that Google has and with the Macy's Inc, American Eagle Outfitters and other retailers Subwa signed a cooperation agreement, as the mobile payment function is only confined to New York, or passage in the U.S., is unclear.
Google has also invited journalists to attend the meeting in New York on Thursday, a According to Bloomberg News reported on Tuesday, Google plans to launch a mobile payment system, can run on its own Android operating system, and can support mobile operator Sprint Nextel phone. Informed sources confirmed that Google will launch a mobile payment system, but Citigroup declined to comment, while Google, Sprint, MasterCard has no comment.
present, more and more mobile operators, banks, technology companies as well as Visa, MasterCard and other credit card issuing organizations are trying to scale is still small but has great potential slice of the U.S. mobile payments market. The three major U.S. carriers AT & T, Verizon Wireless and T-Mobile USA also seek to join forces with the Bank and other partners to introduce mobile payment system. Recently, three operators to reduce payment processing network to build a new scale of the project. The network, once completed, will work with Visa, MasterCard and other industry leaders are in direct competition.
since last year, with the Bank of America Visa, Wells Fargo and other major U.S. banks to test mobile payment technology. Google's venture capital business partner, Bill Mares (Bill Maris) On the whole payment industry, said, He said that if this service can help consumers save money and shorten the time of payment in the supermarket queue, it certainly is attractive to them. Maris said: will seek to share from the transaction, but rather to help retailers launch Android users for ads and near the discount benefit. Credit card companies are now charging customers transaction fees, while AT & T and other carriers and RIM, Apple and other handset makers may be required to sell into. As a result, the U.S. retailer's profit may be being eroded. (Sail)
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