Citi | Mobile Payment Lab. New Google Wallet Will Face Stiff Competition. Google Wallet is the latest attempt to unite your credit card with your smart phone. Coupons and loyalty cards are coming along for the ride. Will Google be the company that transforms your smart phone into the only form of payment you need to carry with you? It really doesn’t matter, one way or another, we’re going to get there. The search engine giant just announced that its latest mobile phone app, Google Wallet, will be coming soon to the United States. The digital payment system will use near field communication (NFC) so that you can check out without swiping.
Just tap your phone on one of the hundred of thousands of MasterCard PayPass devices and you’re done. With powerful partners such as Sprint, Citi, First Data, and MasterCard, Google Wallet could be the mobile app that gets us to put down the plastic and use our phones to pay. ***Update: So it looks like Google has privatized their press video for some stupid reason.
As a technology, Google Wallet is fairly simple. MasterCard with Google Wallet for Mobile Payments. Google Wallet "is one of the biggest investments we've made at Google for a very long time" By Sarah Clark • nfcworld.com • Published June 13th, 2011 • Last updated 9 September 2011, 17:25 “Larry and Eric personally convinced me” to make the move to Google, Osama Bedier, the company’s VP of payments, has told NFC World as he set out Google’s commitment to building an NFC platform that is open to all — and revealed that Google Wallet will eventually be able to hold keys, ID credentials and driving licenses. GOOGLE OFFERS: Businesses will pay to reach new, but not existing, customers “This is one of the biggest investments we’ve made at Google for a very long time,” Osama Bedier, the search giant’s VP of payments has told NFC World following a presentation at the NFC Payments Europe conference in London today.
Bedier joined Google from PayPal to work on the Google Wallet project five months ago, he explained, because “Larry [Page] and Eric [Schmidt] personally convinced me.” “We’re committed to NFC at Google,” he told delegates. Wallet - FAQ. Google Wallet for Merchants: Partnership Details | First Data. Smart Insights - smart card industry newsletter: telecoms, payment, identity.