Google's NFC Mobile Payment System "Google Wallet"

A leak from The Container Store has revealed that Google's new money transfer system will be called Google Wallet. Similar to Paypal, Google Wallet aims to make money transfer more secure and mobile. It uses NFC technology from the latest smartphones, also known as Near Field Communication, to transfer money and data as well. Your phone can now be your wallet with this technology, and Google Wallet service can make it happen. It is expected to be announced tomorrow at the Google event in NYC, so stay tuned for anything pertaining to "Google Wallet!"

Source: This is My Next