| Central Penn Business Journal
Google, MasterCard, Citigroup working on ‘electronic wallet'
Google has teamed with MasterCard and Citigroup to add technology to Android-outfitted smartphones so owners can use the devices to make purchases, according to The Wall Street Journal.
Here's how it would work: People who have Citigroup-issued debit and credit cards activate a mobile-payment application on their Android phone and later waive it in front of a small reader at checkout counters, the newspaper reported.
Users also could receive targeted ads or discount offers, which Google hopes to sell to local merchants, the Journal said. They also could manage credit-card accounts and track spending through an application on their smartphone, people familiar with the project told the newspaper.
How do you think Google's "electronic wallet" project will affect commerce?
Andréa Maria Cecil is managing editor at the Central Penn Business Journal. She is a 32-year-old native New Orleanian who is interested in how gadgets and technology can make business more efficient.