MOUNTAIN VIEW, California (

TheStreet

) --

Google

(GOOG) - Get Alphabet Inc. Class C 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

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to launch the system,

Reuters

reported.

The Wall Street Journal

previously said Google was working on a mobile payments platform with

Citigroup

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

VeriFone Systems

(PAY)

.

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The

Journal

said Tuesday that retailers

Macy's

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,

American Eagle Outfitters

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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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