Google Wallet application was introduced by the technology giant Google on Thursday (26 / 5), which allows consumers to pay for groceries only through their mobile phones, more practical than a credit card.
Applications provided to mobile phone operating system Android, it also allows users to get special coupons and loyalty points.
Starting this summer, an electronic wallet that will be available on Sprint phones Nexus 4G networked and able to MasterCard accounts issued by Citibank. This will be a virtual prepaid MasterCard Google.
Great vision takes time to bring results. Various players have been in business mobile wallet for years, but did not gain traction because they have not agreed on how they are paid and who control it.
Service provider, bank, credit card issuers, payment networks, and technology companies all have contributed to the "battle" is.
With this mobile wallet Google plans to make money by offering promotions to consumers as they shop. For example, will be introduced "Google Offers" (Google bidding) - advertising services to local and online businesses which can be found online or sent via cell phone.
As Groupon, Google will collect a fee from the retailers who participate every time someone take advantage of discount coupons. Citibank will do the same thing as the usual credit card transaction.
Google Wallet needs to be enabled full time nationally. Although he has worked with more than 15 retailers, such as American Eagle Outfitters, Bloomingdale's Store Container, and Jamba Juice, which all have to upgrade their payment terminals to service this Beru.
Retailers in New York and San Francisco are expected to join the service later this summer.
With this technology, through waves of their telephone transactions at the cashier, and in one sweep, the discount will be applied, loyalty points awarded, and the payment is complete.
Google has said that when consumers are shops, their phone will display a list of items they had just bought, and offer discounts.
Sendidi wallet application will need a PIN, such as in banking transactions in general. The mandate of payment will be encrypted and stored in a chip in the phone.
Google stressed that this application will be open to all businesses and banks that are working together, credit card issuers, payment networks, mobile operators and merchants to engage in it.
Google also works closely with First Data, which processes the payment and will guarantee the security of transactions.
If the phone is stolen, credit cards can be disabled remotely.
Separately on the same day, paypall filed a lawsuit against Google, and two former executives of online payment company that is now at Google, including Ms. Tilenius.
The lawsuit claims that Google has abused trade secrets from paypall-mobile payment business. A Google spokesman declined to comment because he had not received a copy of the lawsuit.
If your phone battery runs out, maybe you should re-use your credit card, as quoted from the New York Times.
