News Forum Phone database

> New Topic
> Reply
< Esato Forum Index > Information > Esato News Articles > Google introduces Google Wallet NFC payment system in the US Bookmark topic

Google announces the next step in payment solution by introducing Google Wallet. The Nexus S 4G on Sprint is the first Android smartphone to get the Near Field Communication (NFC) powered Google Wallet solution
Esato News

 As usual, the new Google service will only be available for those living in the US. You also need to have a Nexus S 4G and your network operator needs to be Sprint. Google Wallet (GW) will be expanded to other phones and networks later, but remember that the phone needs to be NFC compatible. Only dozen smartphones has NFC today.Google Wallet is a mobile app which stores virtual versions of existing credit cards on the phone. During the launch, Google Wallet will support only Citi PayPass eligible MasterCard and Google Prepaid Cards. More credit cards will be supported in the future. The Google Wallet service was announced on Monday, and today one of MasterCards competitor Visa announced that Google has received a worldwide license to Visa payWave technology. So the expansion of GW could be expanded quickly after the GW beta testing period.Security is of course a major concern for those have all their savings stored on a mobile phone. The NFC specification requires the phone to be less than 20 cm from the reader. The mobile app requires a PIN code to be entered before making a purchase. Actually, this is the same way you pay with a debit and credit card via a point of sale (POS) terminal. The advantage of Google Wallet is that you will be able to have all your payment solutions in one device in addition to gift cards, boarding passes, tickets and loyalty cards.Google Wallet is not available as a download from Android Market. The app will be pushed to Sprint Nexus S 4G smartphone through a software update.Keep in mind that when the battery is dead, it is not possible to pay using the mobile phone. Would you leave your home without a backup credit card?source, source
--
Posted: 2011-09-20 15:47:23
Edit : Quote


Does this mean this is the begining of the end of cash?
--
Posted: 2011-09-20 15:52:32
Edit : Quote


I doubt that yet. I like this idea but not taking it up ever. Not liking having my bank details stored on my device.
--
Posted: 2011-09-20 16:14:00
Edit : Quote


Well I know cash won't just disappear anytime soon but as NFC appears in more and more devices it will eventually mean that we all be using cash a lot less and ultimately one day electronic payments will be the only way to pay..its the future and its gonna happen!
--
Posted: 2011-09-20 16:26:20
Edit : Quote


I, like most Norwegians seldom carry cash these days. More than half the population usually pays with debit card even for transactions as low as 7 Euro. I'm not in a hurry to jump on the NFC bandwagon as all places I do my shopping already has a working smart-card payment terminal with a simple 4-digit code verification.
--
Posted: 2011-09-20 18:28:07
Edit : Quote


Here in the U.K too we already have a few bank credit/debit cards that are NFC enabled and they don't even require a PIN as long as the payment is under £15 but I think I like the idea of carrying nothing but our phone for paying for stuff without the need of countless cards,small change and a fat wallet in our back pockets.
--
Posted: 2011-09-20 18:48:05
Edit : Quote


Which banks use that now then Julias?? I guess this could be ok IF it is guaranteed to be secure. Mind you what is secure these days
--
Posted: 2011-09-20 19:25:06
Edit : Quote


I have a debit card with Lloyds TSB and a credit card with Bank of America which both offer this NFC payment facility.

Haven't had them long and I'm still finding places that use them. McDonalds is one
--
Posted: 2011-09-20 19:50:30
Edit : Quote


McDonalds?? Cool That's a step up for them cos a few years ago you could only use cash in McDonalds. Which phone of yours uses NFC??

--
Posted: 2011-09-20 19:56:20
Edit : Quote




Barclays was the first to launch a NFC enabled card and has been around for a while now and other banks are launching there's too now.Orange also have pre-paid debit card which is NFC enabled and you can pick up one of those from the Orange website for free and they also give you £5 pre loaded for free and in believe Orange are the only ones in the u.k to offer pre-paid NFC debit card.
--
Posted: 2011-09-20 20:42:23
Edit : Quote

---

New Topic   Reply

Forum Index