Everything you need to know about Android Pay

SAN FRANCISCO — Google is giving mobile payments another shot. The company formally announced Android Pay, its new mobile-payments platform on Thursday during its I/O developer conference.

Although the system is rolling out later this year around the time Android M becomes available, Google was light on details in its initial announcement. So if you're curious about how it works, what the security is like, or wondering where Google Wallet stands, we've broken down everything you need to know about Android Pay.

How it works

Like Apple Pay, Android Pay relies on near field communication (NFC) to enable its payments. This means users will be able to make purchases by tapping their phones at supported point of sale (POS) terminals. Read more...