Google announces Android Pay

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Touting “Security, simplicity, and choice,” Google has announced Android Pay, a new way to pay for goods and services with your Android phone. Taking a page from Apple Pay, it will be be applied to physical transactions via NFC as well as in-app purchases. With Android Pay, you unlock your phone and place it near a merchant’s contactless terminal. You don’t even need to open an app. You’ll also see a payment confirmation and get transaction details on your phone. Just select “Buy with Android Pay.” Also, with select retailers, your loyalty programs and special offers will be automatically applied at…

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