Google is announcing that Android Pay will start rolling out in the US today. The new payment scheme was made official at Google I/O a few months back, and now it's finally becoming available.
The company warns that the rollout will be gradual and it will take a few days. You need the new Android Pay app that will be out in the Play Store soon. It's going to show up as an update to the old Google Wallet app if you have that installed.
The system works with any device that runs Android 4.4 KitKat or newer and has NFC. Tokenization is used for security, so your real card's number is never sent with your payment. A virtual account number is used instead.
In terms of credit card support, you'll be able to add yours regardless of whether it's American Express, Discover, MasterCard, or Visa.
Google is quickly adding more and more banks to Android Pay, but for now your account needs to be at American Express, Bank of America, Discover, Navy Federal Credit Union, PNC, Regions Bank, USAA, or U.S. Bank. Citi and Wells Fargo will be available within a few days, with Capital One and others "coming soon".
As for locations in which you can actually use Android Pay to buy stuff, there are apparently already over a million of those across the country.
In the future, Android Pay will also let you pay for stuff you buy online from your apps, and it will store your many different loyalty cards and special offers in one convenient location.
All credit/debit card have chips. That is silly. The chip is only used for ATM machine not mobile payment terminal. MST will stay for the long run. Its complementary to NFC payment.
Android Pay .... hmmm now we can see who's the trendsetter eh..
Two months ago I got a new chip-enabled debit card from my bank without asking for it. Last month I went to a Target store where payment terminals force you to use the chip and not the magnetic stripe. So not sure if betting on MST is a saf...