Google Wallet Founding Engineers Rob von Behren and Jonathan Wall have a announced on The Google Commerce Blog and Google Mobile Blog that Google’s New York City office, along with Citi, MasterCard, First Data and Sprint, gave a demo of Google Wallet, an app that will make your phone your wallet. You’ll be able to tap, pay and save using your phone and near field communication (NFC). Google is field testing Google Wallet now and plan to release it soon.
Google Wallet is aimed at making it easier for users to pay for and save on goods they want, while giving merchants more ways to offer coupons and loyalty programs to customers, as well as bridging the gap between online and offline commerce.
With Google Wallet, you’ll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. It’s projected that things like boarding passes, tickets, ID and keys will eventually be stored in Google Wallet.
Initially, Google Wallet will support both Citi MasterCard and a Google Prepaid Card, which you’ll be able to fund with almost any payment card. From the outset, you’ll be able to tap your phone to pay wherever MasterCard PayPass is accepted. Google Wallet will also sync your Google Offers, which you’ll be able to redeem via NFC at participating SingleTap merchants, or by showing the barcode as you check out. Many merchants are working to integrate their offers and loyalty programs with Google Wallet.
Wall and van Behren say thaty in the beginning – the start of what has already been a great adventure towards the future of mobile shopping. Google Wallet will be compatible with Nexus S 4G by Google, available on Sprint. Over time, they say Google plans on expanding support to more phones.
Full blog here:
To learn more visit the Google Wallet website at:
Send Money With Gmail
Google Wallet is also now integrated into Gmail, which means you can securely send money to friends and family in the U.S. – without leaving your Gmail inbox.
Google says this feature will be rolling out to Gmail users aged 18+ in the U.S. over the next few months. Look for the $ icon in your attachment options. You can also get earlier access if your friends have the feature and send money to you.
It’s free to send money from your Google Wallet Balance or directly from your bank account. You can also pay with your credit and debit cards for a low fee of 2.9% per transaction (minimum $0.30). Receiving money is always free.
More Ways To Send And Receive Money
If you don’t have Gmail, you can still send money by clicking the “send money” button in Google Wallet. You can also send and receive money on your phone, and manage your payment methods at:
A Safer Way To Send Money
Google says that when you use Google Wallet, your financial information is safely encrypted and stored on secure servers, and all transactions are monitored 24/7 to prevent fraudulent activity. In addition, Google Wallet Purchase Protection covers 100% of eligible unauthorized transactions.
For more information, visit: