Google building its own NFC-based payments system?

Can’t say we’re surprised to hear this at all, but Bloomberg BusinessWeek says Google’s working on its own NFC -based mobile payments system. That makes perfect sense, given that Eric Schmidt has been enthusiastically extolling the virtues of NFC since just before Google launched the Nexus S — which, of course, features an NFC chip. BusinessWeek says the system might launch as early as this year, although we think Google’s got plenty of infrastructure work to do first — and it’s facing plenty of competition from the likes of Verizon, T-Mobile, and AT&T, who are launching their own Isis payment system , as well as direct device competition from RIM and Apple . Should get interesting — we’ll see if we hear anything at CES this week. Google building its own NFC-based payments system? originally appeared on Engadget on Wed, 05 Jan 2011 02:47:00 EDT. Please see our terms for use of feeds . Permalink

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