Why would Google buy a Hardware company like PAY? They don;t need hardware, they use software.
Pay is an over priced hardware company. Anybody like square can write a processing app. All credit card machines to is read the credit card's track 2 data, and transmits it to a processor who verifies the card. The terminal does not do this. Why would any body buy a $500 credit card terminal when they can use their cell phone and a $50 card reader attached to process credit cards. The retail sector is plummeting and PAY is a victim of old technology just like Kodak and Polaroid was to digital photography. It may take a few years but Pay will file for bankruptcy sooner or later.
For the obvious practicality purposes, brick and mortar business don't have the luxury of doing the majority of their transactions through mobile apps. Also as I have said before all P.O.S. systems that are currently being used will be obsolete in 11 months and will have to implement R.F.I.D. capabilities, which as I might Add are already current in the European nations, Any credit Card that expires 2013 will be replaced with Credit Cards with the R.F.I.D.
ntegrate PAYware Connect with your enterprise's existing retail systems to provide the convenience of in-the-aisle checkout.. With PAYware Connect, you can process credit and debit card transactions via an easy-to-use, password-protected site, over a smartphone and tablet with PAYware Mobile - and it's certified by all of the major payment processing networks.