Verifone is partnering with Google to enable all their payment terminals (i.e. – where we all swipe our credit cards everywhere) to handle NFC/smartphone payment. While paying with mobile is straightforward, the bigger implication could be for what this means to “check in” to a place. Will we start “swiping” when we first walk in to a store, get into a cab, etc – before checkout?
Also, check out the video at the bottom of the page for an illustrated overview of the basic transaction system.