Seems Google is getting ready to launch another of their G ideas. This time it is GPay - a mobile payment method that seems similar to that used in Europe and Asia already.
The patent outlines "a computer-implemented method of effectuating a payment, comprising: receiving at a computer server system a text message from a payor containing a payment request comprising a payment amount sent by a payor device operating independently of the computer server system; debiting a payor account for an amount corresponding to the amount of the payment request; and crediting a payee account that is independent of the computer server system," according to PC World.
Using a mobile device to make payments has been around Europe and Asia for some time. If the other people who started this have not filed a patent in the US it will be interesting to see if Google gets it by just being the first to register it here.
Philipp Lenssen does a great job with diagrams at BlogoScoped.
This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) will bring together the industry's leading online marketing practitioners to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, the comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!