We covered a story earlier on Thursday that discussed Apple's intentions to launch a rewards program for Apple Pay during WWDC in June. In that same source article, however, The New York Times discussed Google's intentions to announce Android Pay during its Google I/O conference on Thursday. The payment system should act similarly to Apple Pay, baked into the operating system and alleviating any need for manufacturers to create their own third party alternatives, like Samsung Pay.

Android Pay will reportedly allow developers to embed an option for consumers to make payments right inside of the app using bank accounts connected to Android Pay. It's a similar approach to what Google has already done with Google Checkout and Google Wallet in the past, though sounds more encompassing.

Google will also reportedly create some sort of rewards system for Android Pay, The New York Times said, so a consumer might earn points toward a retailer as he or she continues to use that payment option. Google Wallet is also expected to relaunch, though details are relatively slim outside of expected support for peer to peer payments.

Google I/O 2015 kicks off in a couple of hours, and TechnoBuffalo will be reporting live from the event. We should have all of the information on Android Pay and the new Google Wallet before the day ends.