Google Wallet is a free application that turns your Android device into a virtual wallet so you can select, pay and save using the virtual versions of the Citi ® MasterCard ® with PayPass ™ and incredible prices from Google Offers in the near future. At launch, Google Wallet is compatible with the Nexus S by Google. Over time, Google plans to add support for more phones and more card issuers.
Google Wallet Will Soon Store Loyalty Cards And Gift Cards
In the near future your Android phone with Google Wallet will be the only thing required for everything you need to make a credit card purchase. Eventually your loyalty cards, gift cards, receipts, boarding passes, even your keys will be perfectly synchronized to your Google Wallet. And all offers and reward points will be redeemed automatically with one press of the phone to the payment terminal. Google Wallet to use contact less payment technology to securely transfer the payment via Near Field Communication (NFC).
Google Wallet To Redeem Google Offers Automatically
You will be able to transact with Google Wallet, while redeeming discount offers from Google at the same time. You might think that the consolidation of your wallet in the Android phone would cost something, right? Not at all! Google Wallet is free to use. However, there may be costs associated with the use of the actual credit cards loaded into Google Wallet. Please refer to the terms and conditions of your account provided by your bank or card issuer for more information.
Google Wallet Tap And Go Payments
To pay with Google Wallet, you just tap your smartphone when you see the PayPass ™ logo after the cashier rings your purchase. You can pay either by selecting your virtual Citi ® or MasterCard ® credit card using the PayPass ™ terminal or you can use the Google prepaid card to which you can add your funds and use as you would a virtual credit card. No more playing with your handbag or wallet at the checkout. Google Wallet uses Near Field Communication (NFC) technology to transfer your payment information securely and wirelessly. You will receive a payment confirmation when you press the PayPass ™ terminal with your Android smartphone and then you are simply on your way.
Google Wallet And Near Field Communications Technology
NFC is a new wireless technology that allows data transmission between two objects when they come within inches of each other. NFC can exchange data with other NFC devices, or read information from smart tags embedded in posters, stickers and other products. Payment credentials are stored in the security chip included in the Nexus S. Secure Elements have been isolated from the main phone android operating system and hardware. Only authorized programs, as part of Google Wallet can be used to initiate the transaction. Also, because Google Wallet enforces a security PIN, the only way to pass the credentials of the payment is to first enter your own security PIN.
Google Wallet with the tap and pay features requires a compatible phone with Android and a NFC secure element chip running on the Gingerbread Android OS 2.3.7 version or equivalent. The first phones to run Google Wallet with all these advanced features are the Nexus S.
Watch The Video Below To See Google Wallet In Action
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