Coffee chain Peet’s Coffee & Tea is allowing consumers to pay thru Google Wallet and MasterCard Pay pass.
The company claims that all locations will be equipped for mobile payments by the end of October.
Eighteen stores in San Francisco and San Jose, CA already have the mobile payment readers.
With the new technology, consumers can pay for items by tapping their mobile devices via the Google Wallet app or on Paypass-enabled registers.
It also signals a direct competition with coffee giant Starbucks. Recently, Starbucks rolled out a commerce-enabled application that lets consumers buy items on their mobile devices
Subway, the largest restaurant chain in the United States to accept contactless payments.The new tap and go payment readers will be implemented at more than 7,000 United States locations by the end of 2012.
Subway consumers can tap their PayPass-enabled MasterCard card, phone or device on a PayPass-accepting reader at check-out.
According to MasterCard, PayPass does not require customers to sign receipts for purchases under $50.
Mastercard is a global payments and technology company, It operates the world’s fastest payments processing network.
Google officially rolled out its Google Wallet mobile paymnet system on last monday. Google wallet is now available only on Sprint nexus 4G, It works with Citi-Mastercards and Google Prepaid Card.
How it Works:
Tying into the near field communication (NFC) system built into select Android handsets, Google Wallet allows your phone to act as your credit card. By tapping your Android phone against a compatible card reader available in select retailers, your payment credentials are transferred to the merchant without any swiping.
Google Wallet requires you to set up a Google Wallet PIN that must be entered before making a purchase. This PIN prevents unauthorized access and payments via Google Wallet. Android phones also feature a separate lock screen.
If your phone is stolen, Google Wallet PIN and Secure Element protect your payment card information which prevents
others making a purchase with your phone.
Google Offers are deals on products and services at local or online businesses. Whenever you buy or save a Google Offer, it automatically syncs to your Google Wallet so your offers are always with you.