NEW YORK (CNNMoney) -- Google is teaming with MasterCard, Citigroup and Sprint to launch a new phone-based mobile payment system.
The project, called Google Wallet, will enable special chips embedded in many future Android devices to be used for payments. Instead of swiping a credit card, customers will be able to wave their Android phone in front of a reader to make a payment.
via money.cnn.com
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