Nexus S 4G to be First Smartphone Compatible with Google Wallet

Sprint, Google, Citi, MasterCard, and First Data have teamed up to bring mobile commerce to a whole new level in the U.S.. They have developed a NFC (near field communication) wallet app named Google Wallet.  This mobile payment app allows users to make payments for goods and services with a mere tap of their phone.

The first smartphone to be compatible with Google Wallet is Sprint’s Nexus S 4G. The Nexus S 4g will come equipped with NFC technology which allows users to exchange data with other NFC devices, and read information from smart tags embedded in posters, stickers, and other products.

Merchants will accept phone (NFC) payments with a pay-pass enabled terminal at checkout. The customer will simply tap their phone within a few inches of the enabled terminal and payment is received. Customers will also be able to use loyalty points, rewards, deals, and other promotions with a phone tap.

According to First Data, there are 124,000 pay pass enabled merchants nationally and 311,000 globally.

For more information on mobile payments and pay pass equipment visit www.paymentmax.com.