We already knew that the search giant has plans for NFC, particularly since it sparked a rush for Android manufacturers to include the necessary chip in a host of recent handsets by including NFC in its flagship Google Nexus S.
But now we know the name of the scheme – Google Wallet – and that it will be launching in the US this summer, with at least one big-name retailer, The Container Store, on board.
Contactless payments on 34th Street
Other rumoured retailers to be taking part are Macy's and American Eagle, although it's not clear if the scheme will be US-wide or just in select cities.
It's also a safe bet that we'll see a few new NFC-toting apps pop up in the Android Market as a result of the new scheme.
There's no word yet on when, or indeed if, the scheme will make it to the UK, but we're hoping that Google will throw us a Euro-related bone at its event later today.
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Former UK News Editor for TechRadar, it was a perpetual challenge among the TechRadar staff to send Kate (Twitter, Google+) a link to something interesting on the internet that she hasn't already seen. As TechRadar's News Editor (UK), she was constantly on the hunt for top news and intriguing stories to feed your gadget lust. Kate now enjoys life as a renowned music critic – her words can be found in the i Paper, Guardian, GQ, Metro, Evening Standard and Time Out, and she's also the author of 'Amy Winehouse', a biography of the soul star.