We've heard a lot about Near Field Communication (NFC) but chances are the closest you've come in reality is swiping your Oyster card or bus pass during the daily commute.
But that doesn't mean things aren't moving forward, and today we hear reports that Google is working with Citigroup and Mastercard on a new mobile payment system for Android smartphones.
According to the Wall Street Journal, the project is still in the early stages, but eventually will enable shoppers to simply wave their handset at a wireless scanner when paying for groceries and the like at the checkout counter.
There's no timeframe in place for the technology's roll-out as yet, but Citigroup debit and credit cards will reportedly be the first to trial the system on a single Android handset. All going well the technology will then be extended to other phones too.
The WSJ says Google won't actually make any money from the system, but will gain info on consumer spending habits – itself worth its weight in gold when it comes to attracting mobile advertisers.
A number of smartphones already have NFC capabilities built in – Google's latest smartphone OS Android Gingerbread has software support built in – but ongoing security and logistical concerns have kept the technology's advance at a slow pace thus far.
Via PC Pro