More people than ever are turning to mobile devices for credit card processing, using near field communication (NFC) technology to make the transactions quicker. In one recent announcement, Google stated that its mobile payment system would now be able to support all major debit and credit cards.
In a blog post, the California-based technology giant said that its Google Wallet merchant services offering could be used by Discover, American Express, MasterCard and Visa card members.
“To save a card to Google Wallet, just enter the number into the mobile app, online wallet, or Google Play when making purchases. When you shop in-store, you can use Google Wallet in conjunction with your selected credit or debit card for purchases. Shortly after making a payment, you’ll see a transaction record on the phone with the merchant name and dollar amount,” read a statement on its blog.
There are many who believe mobile credit card terminals will dominate the landscape in the future. A study from Juniper Research found that by 2017, 25 percent of consumers using smartphones would make payments on them.Back To Blog