Sunday, May 29, 2011

Google, Square Roll Out Payment Services

Google unveiled its much-anticipated wireless-payment and marketing services Thursday, letting consumers pay for products and download coupons using their cell phones. The company is joining forces with MasterCard and Sprint on the project, which relies on a technology called near-field communication. The payment service, called Google Wallet, will be available in San Francisco and New York this summer. Earlier in the week, Square (a San Francisco startup founded by Twitter's Jack Dorsey) rolled out its own payment product. The new Square Register app lets merchants track sales on an iPad, part of the company's plan to replace traditional cash registers and credit-card terminals.


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