Visa Inc., Visa Europe and Google today announced that Google has received a worldwide license to Visa "payWave," a payment technology based on near field communications. Visa payWave enables consumers to make fast and secure payments at retail locations by waving their mobile phone in front of a payment terminal and is currently accepted at hundreds of thousands of retail locations worldwide.
The agreement allows Visa-issuing banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet, a mobile application that turns a smart phone into a digital wallet.
Wednesday, September 21, 2011
Visa and Google Sign Licensing Deal
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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