| May 25, 2011

Google to unveil NFC payment system this week

The company behind the most widely-used smartphone operating system will soon unveil its plans to roll out its long-expected payment program that allows consumers to deal with credit card debt using their mobile devices.

Google will announce the test run for its mobile phone near-field communication payment system later this week, according to a report from the Wall Street Journal. The program will allow consumers to load their credit or debit card account information onto an NFC-enabled smartphone running Google’s Android operating system, and use that to make purchases rather than swiping a card.

The program will be available first in New York and San Francisco – and possibly other major cities – before being released to the rest of the country, the report said. Several major national chains are participating in the program, including Macy’s, American Eagle Outfitters and Subway.

Google is the first major company in the smartphone industry to unveil plans of this type, and Apple’s latest version of the iPhone is not expected to come with NFC technology embedded in it.

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