Google Wallet, which was first announced in May, is expected to launch sometime later today. It is believed that this new mobile payment system is already live at one San Francisco coffee shop. Google Wallet will allow consumers to organize credit cards, loyalty programs, and gift cards on their phones and quickly pay for purchases by tapping their phone on an enabled payment terminal.
Currently, the only NFC compatible handset is the Sprint Nexus S 4G. However, Google has indicated that future
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