gPay and gPhone
Lord, I take a short vacation and come back and we have all sorts of great info to pass along. If there is anyone out there that still doubts at very least the notion that the gPhone exists and will be released at some point in the next year, please have you head examined. Every single day there is some nugget of information that further confirms that Google is doing something in the mobile space. While I personally have doubts that anything will be announced this week, I think by early next year something will be announce.
I am always curious who exactly has time to peruse the patient office submissions, but apparently, SEObytheSea has the inside scoop about the latest Google patient that was filed on August 30.
The description in the patent provides a look at four different examples of payments that could be made using this system. Interestingly, none of them are online transactions, but rather involve the use of text messages for the purchase of goods or services with a payment made by the person making a purchase, and verification received by the seller.
Payments to vending machines, and to community honor systems (for example, an office lunchroom snack program) are also included within examples in the document.
source: SEObytheSea
The guys over at TechCrunch make an excellent point. The idea of a mobile payment system is not new, but combine an independent platform with the Google brand and package it with the Google Phone, you have a recipe for success.
Mobile payment systems aren’t new; I can pay for parking locally via mobile phone now, however what Google is suggesting in the patent is something that is far broader, and perhaps more importantly independent of mobile phone carriers and their billing systems. Google competitor PayPal currently offers their own mobile payments system, but despite launching in March it hasn’t set the world on fire; Google on the other hand would have the advantage of embedding GPay in the GPhone.
source: TechCrunch
