Google building its own NFC-based payments system?

Can’t say we’re surprised to hear this at all, but Bloomberg BusinessWeek says Google’s working on its own NFC-based mobile payments system. That makes perfect sense, given that Eric Schmidt has beenenthusiastically extolling the virtues of NFC since just before Google launched the Nexus S – which, of course, features an NFC chip. BusinessWeek says the system might launch as early as this year, although we think Google’s got plenty of infrastructure work to do first
— and it’s facing plenty of competition from the likes of Verizon, T-Mobile, and AT&T, who are launching their own Isis payment system, as well as direct device competition from RIM and Apple. Should get interesting — we’ll see if we hear anything at CES this week.

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