It looks like Local Find was spot on with our previous article about the Near Field Communication NFC technology the world is now on the verge of the next major revolution in payments. Smartphone adoption is growing rapidly there are great signs that the market is ready for mobile commerce. Google Wallet is an application that runs on Android mobile phones for buyers using their mobile phones as their wallets. It also brings together the best online and offline purchases.
What Does Google Wallet Mean For Your Company?
Google Wallet can be used to drive customer traffic into your store. Push the right offers to customers who are actively looking for products in your area. Customers can store offers right on Google Wallet, and then redeem them at the store. Google Wallet Payment is faster and easier. Instead of trying to find the cards, cash and vouchers, customers can tap to pay using their mobile phones. Storage of loyalty cards is possible right on their mobile phones using Google Wallet.
Google Wallet is an application for Android that allows your mobile phone to become your wallet. Google Wallet stores virtual versions of your existing plastic credit card in your Android phone. Just tap your Android mobile phone to pay and enjoy the offerings by near field communication or NFC. Google Wallet is designed to open a business payment ecosystem. It will ultimately take many, if not all the cards you hold in your leather wallet today. And because Google Wallet is a mobile application, it will be able to do more than ever like storing thousands of payment cards, Google offers, loyalty cards, gift cards, receipts, boarding passes, and even your keys could be perfectly synchronized with your Google Wallet. All offers and loyalty points are automatically redeemed in a single tap of your mobile phone using NFC.
Watch The Video Below To Hear From Several Companies Adopting Google Wallet
Google Wallet Payment Cards
You can use a Citi MasterCard with Google Wallet. If you already have a card, open your Google Wallet Android application and enter your account information. After you enter your information Citi will then confirm the user’s credit card information which is then stored on a secure chip inside your Android mobile phone. You can then simply start using your mobile phone to tap and pay.
Prepaid Google Card
Google are also offering a prepaid virtual debit card that you can use to finance your existing credit cards in other words a Citi MasterCard is not required. When you activate a prepaid Google Card in Google Wallet, you’ll receive $10 in your account. The first $10 using Google Wallet is paid for by Google. Then you can reload the card with additional funds from your plastic cards. You pay no cost to recharge your prepaid card from Google at least until late 2011. Since the Google prepaid card is purely a virtual prepaid card you will not receive an actual card in the mail.
Gift Cards In Google Wallet
Google Wallet can store gift certificates for participating merchants. When you choose to pay the merchant, Google Wallet will send the gift certificate to the terminal information.
Watch The Video Below To See The Google Wallet Launch Presentation
Google Wallet Offers And Loyalty
Google offers deals on products and services from local or online businesses. Every time you buy or save an offer it is automatically synchronized with the Google Wallet so the Google offers are always with you. Google Wallet can store loyalty cards for participating retailers. In most shops simply look to the cashier to verify the offer or the cashier will scan the offer barcode. Using Google SingleTap traders, you can simply tap your Android mobile to redeem the offer using the NFC technology. Google offers are available in a variety of Google products like Google Search, Maps, Latitude and Google Shopper. Google Wallet will also store loyalty cards at SingleTap participating merchants. When you choose to pay using SingleTap the Google Wallet will send your loyalty account information to the terminal, so that you can earn rewards for purchasing.
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