NFC Enables Secure Mobile Transactions for Google Wallet
Today NXP Semiconductors (NASDAQ: NXPI) announced that its world leading near field communication technology enables the newly announced Google Wallet. NXP joins partners Google, Citibank, MasterCard, First Data, and Sprint, along with other market leaders, in New York to unveil Google Wallet, an open platform enabling mobile transactions. With NXP's secure contactless NFC solution, consumers can simply wave their phones over intelligent surfaces to pay for goods, apply a discount coupon, or receive loyalty points. Google Wallet allows consumers to replace a multitude of physical cards typically carried in wallets with a NFC enabled phone delivering convenience, personal interactivity and security for many different types of transactions.
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