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Google does not sell hardware, Eric Schmidt told us as much, but the company has few qualms about buying the stuff up. Bloomberg is reporting, on the authority of a pair of well informed sources, that the Mountain View team is about to buy up "thousands" of VeriFone's NFC payment terminals, with a view to installing them in stores across San Francisco and New York City. Those two technophile cities represent the most receptive audience NFC is likely to get in the US, and Google will be hoping that users there will be able to appreciate the convenience of being able to swipe their Nexus S (or other similarly equipped handset) to complete payments. We already know that Schmidt and co. consider the concept of "mobile money" a priority and there have been rumblings of Google setting up its own payment system, which together make this hookup with VeriFone appear highly credible. Bloomberg expects the trials to commence within the next four months, just in time to make iPhone 5 users green with envy.

Google said to be preparing NFC checkout trials for San Francisco and New York City originally appeared on Engadget on Tue, 15 Mar 2011 05:24:00 EDT. Please see our terms for use of feeds.

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Well, here's a bold step forward for NFC -- payment solution provider Verifone says its new batch of point-of-sale terminals will come standard with the touch-to-pay wireless technology. That's the word from Near Field Communications World, who quizzed the company just a few days after CEO Douglas Bergeron called on the payments industry to foot the NFC bill, saying "The retail point of sale represents a point of convergence for smartphone-initiated payments, social networking and electronic couponing, but it won't happen if retailers are expected, on faith, to absorb the costs of making it work." Sounds like a company that's very keen on letting us pay by swiping our phone. Unfortunately, he didn't say when such technology might roll out.

Continue reading VeriFone puts money near mouth, says it'll include NFC in all new POS terminals

VeriFone puts money near mouth, says it'll include NFC in all new POS terminals originally appeared on Engadget on Mon, 07 Mar 2011 02:02:00 EDT. Please see our terms for use of feeds.

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