MOUNTAIN VIEW, California (

TheStreet

) --

Google

(GOOG) - Get Report

reportedly is expected to unveil a mobile payment system on Thursday that allows consumers to buy items ay checkout with smartphones rather than cards.

Google will work with

MasterCard

(MA) - Get Report

to launch the system,

Reuters

reported.

The Wall Street Journal

previously said Google was working on a mobile payments platform with

Citigroup

(C) - Get Report

and MasterCard, as well as retailers and hardware makers such as

VeriFone Systems

(PAY)

.

The

Journal

said Tuesday that retailers

Macy's

(M) - Get Report

,

American Eagle Outfitters

(AEO) - Get Report

and the

Subway

fast-food chain will participate in the program, which will first launch in New York and San Francisco before being rolled out more broadly.

Google is planning to show off the technology, called near field communication, at an event Thursday in New York, the

Journal

reported. The technology is embedded in newer smartphones powered by Google's Android software and can help turn the devices into a kind of electronic wallet, people familiar with the matter told the newspaper.

-- Written by Joseph Woelfel

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Joseph Woelfel

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