Google Wallet, expected to launch Monday (according to reports) initially will have the support of about one million readers from Vivotech, which makes near field communication (NFC) payment software
and point of sale (POS) terminal readers, according to Vivotech founder Mohammad Khan. Google licenses Vivotech's technology to enable transactions, he said, estimating his company holds 70% market
share worldwide for NFC payment software and readers, which supports Google Wallet at POS terminals in retail stores. The software lets consumers download plastic credit cards into their NFC-enabled
smartphone to support everything from Google Wallet to smart posters that let consumers download coupons on to their phone or make purchases. Vivotech's first smart poster pilot for MasterCard took
place in Taiwan, February 2007.
