Google, ISIS Plotting The Downfall Of The Magnetic-Strip Credit Card

Two very big developments are about to happen in the NFC space, and together they might eliminate credit cards as we know them.

Google has been courting the idea of NFC technology for a while, and it now seems poised to launch a potential game-changer (as Google is wont to do). The Wall Street Journal reported that an announcement from Google on Thursday will reveal its new NFC mobile-payment tech. The program will “launch first in New York, San Francisco, and potentially other locations, followed by a broader rollout,” according to insiders who’ve spoken to the WSJ, with retail partners including “Macy’s Inc., American Eagle Outfitters Inc. and the Subway fast-food chain.” Stores taking part will have “upgraded terminals at the point of sale that can read the mobile devices and provide special offers.”

(Source: http://www.fastcompany.com/1755262/google-isis-plotting-downfall-of-the-magnetic-strip-credit-card)

(More info: http://thenextweb.com/google/2011/05/26/google-releases-wallet-and-offers-for-tap-pay-and-save-via-mobile/)

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