Google trials “Google Wallet”
From the official Google Blog:Today in our New York City office, along with Citi, MasterCard, First Data and Sprint, we gave a demo ofGoogle Wallet, an app that will make your phone your wallet. Youâ??ll be able to tap, pay and save using your phone and near field communication (NFC). Weâ??re field testing Google Wallet now and plan to release it soon.
Because Google Wallet is a mobile app, it will do more than a regular wallet ever could. You’ll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.