Google to reveal phone payments

Google will take the wraps off a mobile payment system tomorrow that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will work with MasterCard, the world’s second-largest credit and debit card processing network, to launch the system. It has now signed up retail partners Macy’s, American Eagle Outfitters and Subway.