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Partnership Between Google And VISA In The Mobile Payment 20 September 2011

Posted by computeraholic in Uncategorized.
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Google Inc. has added VISA to the list of contributors to the project of mobile electronic wallet under the terms of an agreement that will allow VISA customers to perform transactions from their phones mobile smartphones.

VISA joined the project “Google Wallet” as did already Citigroup, MasterCard, Sprint Nextel, and First Data. Last May, the financial group announced a test system that would allow users to store money on their phone and use it to make purchases from.

The Google platform is in competition with the projects of other big names of mobile telephony and US banks and is based on the technology of NFC (Near Feld Communication) short-range wireless communications, already widespread in Asia.

Its competitor Isis, a joint venture between mobile operators Verizon Wireless, AT&T and T-Mobile USA, has meanwhile already signed partnerships with the major U.S. banking networks including MasterCard and Visa.

But while Sprint announced Monday the launch of its

[Source: PCSMAX]

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