Google now Partners with MasterCard, Citigroup to Develop NFC Payment Scheme

The Google Nexus S has a near field communications (NFC) chip in it, so you know that Google is interested in pursuing this technology for a variety of purposes. The use of this application is mobile payments and it looks like the search engine has just made its next big move on this front, buddying up with MasterCard and Citigroup to make it happen.


The interesting thing is that Google isn’t at all interested in taking a cut from the transaction amount. Instead, it’s going back to its search business, selling customer information back to retailers. The stores can then offer targeted ads and discounts to their customers.




Considering all the security things with chip-and-pin technology, requiring signatures, and all things, they want to make it as easy as tapping a phone to pay for a new Xbox and mortar store.
and one thing you should remember that,if you lose your phone, you could be losing so much more. The thief can check your email, update your Facebook,twitter, and potentially load up on file at Morton’s Steakhouse.