Anyone with a compatible smartphone can use Tap to pay with the Citi® MasterCard® or Google Prepaid card. Currently about 300,000 merchants worldwide are using this technology but the trend is just getting started as mobile payments are in its infancy.
Thanks to initiatives like Google Wallet contactless payments is poised to become a leading global payment method. In fact, Visa® is counting on it. On April 1, 2013, Visa will require processors and sub-processors to accept EMV. According to their Chief Enterprise Risk Officer, part of Visa’s EMV push is to “provide a commercial framework to support the acceleration of NFC mobile payments.” Click here to read the full Visa post.
Click on the links below to learn more about Google Wallet.
The first Google Wallet Customer
Why are merchants excited about Google Wallet?
Features & Benefits
Contactless Payments Security Questions & Answers