"Innovate or DIE" "New ideas create more and better new products and services; create more wealth."
What do you think of the Google Wallet? How will if affect the consumers?
How will it affect the Credit Card Companies? How will it affect Google's business?
What do you think of the Google Wallet? How will if affect the consumers?
How will it affect the Credit Card Companies? How will it affect Google's business?
Introducing… Google Wallet
Google
May 26, 2011 – 12:44 PM ET | Last Updated: May 26, 2011 12:57 PM ET
By Ellis Hamburger
Google just announced its mobile payments system Google Wallet, which will also be bundled with its Groupon-killer Google Offers.
The Google Wallet website just went up.
Google wants to put tickets, credit cards, receipts, coupons, and even your driver’s license in your Google Wallet.
It all works over contact-less NFC technology that’s currently available in the Google Nexus S 4G (from Sprint), and coming to other smartphones in the near future.
Google’s system will work with MasterCard’s PayPass system, which over 300,000 merchant locations (like every McDonald’s) already has.
Billboards will have embedded coupons so you can wave your phone in front of them to grab the coupon.
When you add credit cards to your Google Wallet, you’ll create a PIN which you’ll need to enter before you pay for anything. Google Wallet-enabled smartphones will have NFC chips in them that are as secure as the kinds used in passports.
Nobody will be able to “scan” your phone and swipe your information, because the NFC chip will only be active once you enter your PIN when you’re standing at a store counter.
Citi, Sprint, and MasterCard are all ganging up to help launch the Google Wallet. The band of companies will help get MOLO (Mobile Local Commerce) off the ground.
Google will also be offering prepaid Google Mastercards which you can re-charge with funds from another card or bank account using an online interface. When you sign up for a Google Prepaid Card, they’ll deposit US$10.00 free into your prepaid account.
Google Offers will tie in with Google Wallet, sending you an “offer of the day” that you can take advantage of by paying with your Google Wallet. Your Google Offers sync between your computer and your phone, and will save you money on return visits to a restaurant or store.
Posted in: FP Tech Desk, Mobile, Retail Tags: Google, google nexus s, Google Offers, google wallet, MaGoogle just announced its mobile payments system Google Wallet, which will also be bundled with its Groupon-killer Google Offers.
The Google Wallet website just went up.
Google wants to put tickets, credit cards, receipts, coupons, and even your driver’s license in your Google Wallet.
It all works over contact-less NFC technology that’s currently available in the Google Nexus S 4G (from Sprint), and coming to other smartphones in the near future.
Google’s system will work with MasterCard’s PayPass system, which over 300,000 merchant locations (like every McDonald’s) already has.
Billboards will have embedded coupons so you can wave your phone in front of them to grab the coupon.
When you add credit cards to your Google Wallet, you’ll create a PIN which you’ll need to enter before you pay for anything. Google Wallet-enabled smartphones will have NFC chips in them that are as secure as the kinds used in passports.
Nobody will be able to “scan” your phone and swipe your information, because the NFC chip will only be active once you enter your PIN when you’re standing at a store counter.
Citi, Sprint, and MasterCard are all ganging up to help launch the Google Wallet. The band of companies will help get MOLO (Mobile Local Commerce) off the ground.
Google will also be offering prepaid Google Mastercards which you can re-charge with funds from another card or bank account using an online interface. When you sign up for a Google Prepaid Card, they’ll deposit US$10.00 free into your prepaid account.
Google Offers will tie in with Google Wallet, sending you an “offer of the day” that you can take advantage of by paying with your Google Wallet. Your Google Offers sync between your computer and your phone, and will save you money on return visits to a restaurant or store.
0 comments:
Post a Comment