Google are to introduce a mobile payment system on Thursday

[From Hans] This should be interesting Google are to introduce a mobile payment system 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. The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday." Read in full.