Google, VeriFone in Talks on Mobile-Payment Partnership
Google Inc., as part of its goal to allow shoppers to use their mobile devices–rather than physical credit cards–to pay for goods in retail stores, is working on a potential partnership with electronic-payments company VeriFone Systems Inc., according to a person familiar with the matter.
VeriFone makes what are called point-of-sale terminals that stores across the country use to process credit card payments. As part of the potential tie-up with Google, VeriFone’s terminals would be able to accept payments from mobile devices that are embedded with technology called near-field-communication, or NFC, this person said.
