According to the source, these sales terminals are set to accept payments made via Android-powered smartphones based on NFC technology. Thus, the project is expected to allow consumers to pay for products by tapping a device against a register at checkout.
In addition, the source reports that the Google service is expected to offer several options, such as consumers’ financial account information, gift card balances, store loyalty cards and coupon subscriptions on an NFC chip on mobile phones.
However, both Google and VeriFone have declined to make any comments about a possible JV, the source indicates.
In recent news, shipments of Google’s Android-based smartphones have reached 32.9 million in Q4 2010, whereas Nokia has shipped 31 million units of Symbian-powered smartphones globally in Q4 2010, according to a recent report released by British research firm Canalys.
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