first_imgGoogle on Thursday unveiled its new Android Pay, part of its operating system revamp (“Android M”) that will, like Apple Pay, use tokenization security technology that replaces card numbers with one-time random codes.Using technology already built into most Android phones, the new payments service will be available in the coming months and is reportedly an improvement over Google Wallet (the company’s previous attempt at mobile payments). The new service, according to Google, will work with previous versions of Android, starting with “KitKat,” which debuted in 2013.According to press reports, no app is needed to launch Android Pay – users just unlock their phone and tap a reader. An app is needed to launch and use Google Wallet. Users will be able to load their credit, debit and loyalty cards onto the phone with the new system.Google said there are more than 700,000 physical stores in the U.S. where users will be able to “tap to pay.” Google said it has been working with major credit cards and U.S. mobile carriers on Android Pay. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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