Google, CITI, MasterCard on NFS Payments

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Google, Citigroup, and MasterCard team up to push out a new mobile-device-based payment system. Users will be able to pay for goods (at equipped retailers), transfer money between accounts (to friends, businesses, etc...), and keep track of their transactions via near field communications (NFC) technology in their mobile phones.

More at V3 (UK).

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