Google is not kidding around about aggressively pursuing its Google Wallet mobile payment system as evidenced by the empire’s recent acquisition of Punchd, a smartphone-based loyalty card business, for an amount believed to be more than $10 million.
The rumor mill is churning out that Google will use Punchd’s service as part of its mobile payment system. This move marks Google’s 14th acquisition for the year.
According to Google, Google Wallet will be an Android app that makes your phone your wallet by storing....