04 August 2015

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

28 March 2011  |  11562 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

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