VISA develops Payment Software For Google Phone.

Visa Inc. announced it’s developing mobile payment software for the new wireless phone powered by Google Inc.’s Android system. The software will allow Android users to receive near real-time alerts about purchases via their mobile phones and the software use location-based mapping technology to find ATM machines and nearby stores where users can redeem special Visa offers. The software will be broadly available to U.S. consumers by the end of the year. Visa also announced an agreement with U.S. Bank, lead bank of US Bancorp, to launch a mobile money transfer pilot program.