Report: Google to Unveil Mobile Payment System Tomorrow

From DailyTech:
Google may unveil its near-field-communications (NFC) mobile-payment system in New York as soon as tomorrow, Bloomberg reports.

Back in March, Google was expected to begin testing its mobile-payment system, which allows select Android users to ring up purchases with a tap of their smartphone, within four months time.

But that timeframe could be cut in half if three unnamed sources for Bloomberg have their information correct. The people familiar with the matter said Google would be unveiling the service May 26, in partnership with Sprint. The Nexus S, for one, would be compatible with the program.

In addition to paying for goods with a tap of a mobile device, NFC, which relies on a short-range wireless signal, would also allow customers to redeem coupons directly from their devices as they check out at the register.

VeriFone Systems Inc. and ViVOtech Inc. have been tapped by Google to provide software and hardware for the service, according to two Bloomberg sources.

While Google was expected to begin rolling out the new technology in five cities — New York, San Francisco, Los Angeles, Chicago, and Washington, D.C. — invitations for a press event tomorrow in New York have been reported, fueling the speculation.

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