Google Wallet NFC payment system launching tomorrow

The next generation of payment systems is about to get a massive shot in the arm thanks to Google. Near Field Communication (NFC) is a technology that is on the verge of becoming mainstream. While the technology behind the payment is not new, it has yet to be deployed in most parts of the world.

While it is true that there are some countries already using NFC, there are far more who currently have not yet to adopted this type of payment system. But if Google has its way, NFC may become mainstream, as early as tomorrow. The crew over thisismynext got ahold of some documentation that tells a bit about Google Wallet, the companies NFC program.

The service will launch around September 1st and will include NFC readers at retail locations. The Container Store was mentioned by name as already being onboard and it is expected many other corporate clients will join the party too. Google will be looking to promote its brand as it attempts to become the leader in NFC point of sales and provide itself with yet another revenue stream.

What all Google will be doing to entice end users and corporate clients to come onboard with the technology is not yet know. Regardless of what Google announces, you can bet that there will be competitors entering the market soon, as with anything else, it's a race for widespread adoption for a new way to pay for products.

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But if Google has its way, NFC may become mainstream, as early as tomorrow... The service will launch around September 1st

So not tomorrow?

you can choose either...The phones are an extra method for people who don't want to carry a wallet.
Barclays Bank in the UK has had NFC in some of there cards for a good year to 2, just no shops have the readers yet.
http://www.barclays.co.uk/Help...ssdebitcards/P1242561764200
they've now teamed up with everything everywhere (Orange and T-Mobile merger) to implement it in phones for people with Barclays accounts.
(reported a few days ago http://www.neowin.net/news/nfc...ess-payments-come-to-the-uk)
there is a limit of £15 on a transactions so you can't be "robbed blind"

I also think if they ever change it so you can do larger transactions I think you'll have to put a PIN or something into the phone before it'll let you pay.

You know what I keep hearing? It's that this technology is going to supplant and replace altogether existing credit card technology, but what about those people who choose not to acquire smartphones through their provider because of the mandatory and costly data plan? Do the retailers plan to put in free wifi and try to push a separate device for those of us who aren't buying it? Or maybe some sort of smart smartcard that can be programmed to mimic your cards and present you with a choice at the point of sale? I opt for the card, since it still fits in my wallet.

Greatbigdragon said,
You know what I keep hearing? It's that this technology is going to supplant and replace altogether existing credit card technology, but what about those people who choose not to acquire smartphones through their provider because of the mandatory and costly data plan? Do the retailers plan to put in free wifi and try to push a separate device for those of us who aren't buying it? Or maybe some sort of smart smartcard that can be programmed to mimic your cards and present you with a choice at the point of sale? I opt for the card, since it still fits in my wallet.

One company has made it possible to integrate NFC into a SIM card, so maybe non-smartphones can benefit too.

Personally I think many people aren't seeing the big picture with NFC. I carry around loads of store cards/membership cards etc.. which could all be put on to NFC if I've understood it correctly... free up some valuable wallet space

Also being able to swipe posters and adverts with NFC chips in is pretty cool.

Greatbigdragon said,
You know what I keep hearing? It's that this technology is going to supplant and replace altogether existing credit card technology, but what about those people who choose not to acquire smartphones through their provider because of the mandatory and costly data plan? Do the retailers plan to put in free wifi and try to push a separate device for those of us who aren't buying it? Or maybe some sort of smart smartcard that can be programmed to mimic your cards and present you with a choice at the point of sale? I opt for the card, since it still fits in my wallet.

I'm sure people said the same about credit cards regarding cheque books when they were introduced but even if NFC does take over I'm sure that credit cards will still be a perfectly viable and available option.

kingius said,

Some of them have voodoo and animal sacrifice too, so let's adopt that as well, woo!

I think what this person was saying was that it's a surprise that some African countries - i.e., parts of the third world - have these technologies in place, while the UK, a "first world" nation, does not. What I've been hearing a lot over the past few years is that Africa has very little in the way of infrastructure, and they can't be expected to evolve like the rest of the world did, or they'd never catch up with us and find a useful place in the world. So they catch up in little leaps, and one of those is cellular phone technology. They have microbanks, and use their mobile phones to move bits of money around, make payments, et cetera; it only makes sense that they would have had NFC before us, because landline Internet is kind of scarce there. A lot of their information infrastructure is Wifi and satellite, and their points of sale are newer and therefore much more likely to be ready for NFC than ours. My credit card has NFC, but I've never used it because most retailers don't have card readers that support it. I still see the same card readers that have been in use since the early 90's.

So if somebody forgets to turn off the bluetooth on their phone, and the make some kind of financial transaction, what kind of information could somebody just pick up from a careless user?

I can just see all sorts of opportunities to exploit a service like this. I can see people getting robbed through their cell phones; only this time it'll be by somebody other than the cell phone company...

CoMMo said,
So if somebody forgets to turn off the bluetooth on their phone, and the make some kind of financial transaction, what kind of information could somebody just pick up from a careless user?

NFC is not Bluetooth. The only phone I am currently aware of currently having NFC is the Nexus S.

CoMMo said,
So if somebody forgets to turn off the bluetooth on their phone, and the make some kind of financial transaction, what kind of information could somebody just pick up from a careless user?

I can just see all sorts of opportunities to exploit a service like this. I can see people getting robbed through their cell phones; only this time it'll be by somebody other than the cell phone company...

NFC = Near field communication. Therefore you need to be within a few inches. Even then it would make sense to have some sort of password/confirmation on the user end.

Hollow.Droid said,

NFC = Near field communication. Therefore you need to be within a few inches. Even then it would make sense to have some sort of password/confirmation on the user end.

This is wonderful news for robbers who previously had to get their hands on your wallet before they could rob you blind!

allen1090 said,

NFC is not Bluetooth. The only phone I am currently aware of IN THE U.S. THAT currently having NFC is the Nexus S.

Don't think small scale a lot of phones in Europe have them too.

kingius said,

This is wonderful news for robbers who previously had to get their hands on your wallet before they could rob you blind!

It's password protected. You need to authorize that app before running it.

kingius said,

This is wonderful news for robbers who previously had to get their hands on your wallet before they could rob you blind!

Genius.

SubZenit said,
Can someone help me understand this ? What is this 'new type of payment system' and why do we need it?

If I am thinking of this correctly, it does not require a physical medium to do the transaction. You can use a mobile device (like your phone) to pay by having it in proximity to the register. Think of it like the RFID chip in some credit cards.

SubZenit said,
Can someone help me understand this ? What is this 'new type of payment system' and why do we need it?

A lot of countries have been using it especially in Europe. It's pretty cool. They have them everywhere even coke vending machines.

UndergroundWire said,

A lot of countries have been using it especially in Europe. It's pretty cool. They have them everywhere even coke vending machines.


Which countries in Europe? Not seen mass NFC adoption in England (yet).