The system will use mobile phones equipped with near-field communications (NFC) technology, Bloomberg said, reaffirming Google CEO Eric Schmidt’s previous comment that he wants the next generation of Android phones to “replace credit cards”.
Under this scheme, Google will pay and install “thousands of” special cash-register systems, reports Bloomberg.
Google may also allow the NFC technology on its phones to store information on a user’s financial information, store loyalty cards, coupon subscriptions and so on, Bloomberg said.
[via Bloomberg]
Want to see what 24 hours of creative awesomeness look like? Click here.
This news message is supported by The Creative Finder, an online platform for photographers, illustrators, designers, and art directors to promote their portfolios towards new clients and collaborators. Creatives who wish to sign up for an account can save 10% off annual fees with promo code 'designtaxi'.
