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Google launched its much awaited NFC-enabled mobile payment platform, Google Wallet, which enables users to make payments at the point-of-sale (POS) by merely waving the phone.

Google launched its much awaited NFC-enabled mobile payment platform, Google Wallet, which enables users to make payments at the point-of-sale (POS) by merely waving the phone.

Google unveiled its much anticipated mobile payments system -- Google Wallet -- in New York on Thursday, promising to change for ever the way people use money for transactions. In the past few thousand years, the way we pay has changed just three times—from coins, to paper money, to plastic cards. Now we’re on the brink of the next big shift, Google stated.

U.S. shoppers soon will be able to use mobile phones to pay for things at the checkout counter under a system unveiled by Google Inc and other major companies.

EBay and its online payment unit PayPal Inc on Thursday filed suit against Google Inc and two executives for trade secret misappropriation related to mobile payment systems.

Technology giant Google launched its popular but controversial mapping service Street View project in Bangalore on Thursday.

EBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems.

According to Google website, Google Wallet is designed and engineered to enable safe payments, going beyond the security level of traditional wallets and cards.

Google introduced its NFC contactless payment platform, Google Wallet at an event in NYC. Here's a look at some of the photos of the event.

The long-awaited debut of Google Wallet was finally announced today, marking a watershed moment for mobile payments. But there is much more cutting-edge functions to expect, when it comes to the mobile world.

Google introduces Google Wallet, a new mobile platform for contactless payments.

Google unveiled such a system Thursday, and this new payment method allows mobile phones to be swiped like a credit card, allowing goods to be paid for on the spot. This means your phone becomes your wallet.

Google will launch two new services - Google Wallet and Google Offers - which will enable consumers to pay and use coupons using the mobile phones, according to Google during a press conference today.

Arab leaders were wrong to block Internet access in an effort to quell popular revolts as such moves only hurt their own economies, Google Chairman Eric Schmidt said on Thursday.

Thursday, Google officially announced the debut of Google Wallet and Google Offers mobile payment services, which could potentially threaten rival services such as Paypal, credit cards, and Groupon.

Last night's American Idol finale featured some of the biggest stars in the music business rocking the stage.

Amazon is once again offering Lady Gaga's Born This Way album for $0.99 after its initial offer on Monday brought down its servers due to heavy demand.

Google Wallet, a mobile payment system on Android-based Sprint smartphones, is expected to be unveiled at a media event in Google's New York office, at 12 p.m. today.

Yahoo hosted its investor day on May 25 and as expected Yahoo Japan, display business and search growth took center stage.

Software giant Microsoft should replace Steve Ballmer as its Chief Executive, Greenlight Capital Inc. President David Einhorn said at the Ira Sohn Investment Conference in New York.

The EU cookie law will take another year to be enforced as the UK government ensures the websites there would be no overnight changes.

Google will unveil a new payment system tomorrow, a move the company hopes will pit the search-giant against companies like Visa and Mastercard.

Google Inc Chairman Eric Schmidt and Facebook founder Mark Zuckerberg warned governments to tread lightly on Internet regulation because moves to tame its rough edges risked hurting its virtues.

Google's long awaited mobile wallet or Near Field Communication (NFC) enabled smartphones which will make processing payments with a mere wave of the phone near a point-of-sale a reality is due to be unveiled on Thursday.

Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch.

Google will unveil a mobile payment system on Thursday, May 26th, and it will run on the Android operating system available on Sprint Nexus S phones.

Google Inc will launch a mobile payment system on Thursday, in the latest bid to help consumers pay at the checkout with smartphones instead of traditional credit cards, a person familiar with the matter told Reuters on Tuesday.

Internet search firm Yandex declared itself better than Google as it debuted on the Nasdaq on Tuesday, and signaled it has ambitions to expand beyond its Russian heartland.

Shares of Russian Internet company Yandex NV surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc.