Google to Unveil Mobile Payments Platform

Wednesday May 25th 2011 by Datamation.com Staff
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The company will unveil its near field communication technology on Thursday.

Wall Street Journal: Unnamed sources say that this Thursday Google will take the wraps off its near field communication technology that enables mobile payments. The technology will allow consumers to make purchases, redeem coupons and get loyalty points by waving their phones in front of cash registers.

The program will launch first in New York and San Francisco, with retailers like Macy's Inc., American Eagle Outfitters Inc. and Subway participating.

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