Google Files ‘GPay’ Patent For Mobile Phone Payments
Rumors about the fabled G-Phone might begin anew with reports Wednesday that Google has filed a patent application for a mobile phone payments system.
The service, dubbed GPay, would use text messages to authenticate payments, pull money from a user’s account and deposit it into that of the seller.
Google’s announcement earlier this summer that it wants to bid in the upcoming 700 megahertz spectrum auction prompted speculation that the search engine giant was considering an Internet-enabled mobile phone to rival Apple’s iPhone. More…