Google to reveal phone payments

Google will take the wraps off a mobile phone payment system tomorrow that lets consumers pay at checkouts with phones instead of cards, hoping to beat Visa and others to the punch.

The Internet search and advertising leader will work with MasterCard, the world’s second – largest credit and debit processing network, to launch the system.

It has now signed up retail partners, Macy’s, American Eagle Outfitters and Subway.

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