Google Wallet - The Future Of Money

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Information about Google Wallet - The Future Of Money

Published on September 21, 2011

Author: stainly


PowerPoint Presentation: GOOGLE WALLET PowerPoint Presentation: THE NEXT BIG SHIFT F rom coins, to paper money, to plastic cards, to GOOGLE WALLET Launched officially on 19 th September 2011 PowerPoint Presentation: Google Wallet is an Android app that makes your phone your wallet. It stores virtual versions of your existing plastic cards on your phone. Simply tap your phone to pay and redeem offers using  NFC. PowerPoint Presentation: NEAR FIELD COMMUNICATION NFC is a wireless technology that enables data transmission between two objects when they are brought within a few inches of each other. Smartphones enabled with NFC technology can exchange data with other NFC enabled devices or read information from smart tags embedded in posters, stickers, and other products. PowerPoint Presentation: PAYMENTS, OFFERS, LOYALTY, AND SO MUCH MORE An open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today . Eventually your loyalty cards, gift cards, receipts, boarding passes, tickets, even your keys will be seamlessly synced to your Google Wallet. And every offer and loyalty point will be redeemed automatically with a single tap via NFC. PowerPoint Presentation: THE FUTURE OF COMMERCE Google Wallet is now released on  Nexus s 4G by Google, available on Sprint . Over time, Google plans on expanding support to more phones . You can pay with Citi MasterCards and the Google Prepaid Card. In the time to come it is expected that Google Wallet will be the one thing that holds everything you need to carry. PowerPoint Presentation: Look for these symbols at check out. Tap your phone on the reader . Your phone sends payment, and, at some merchants, offers and loyalty information. HOW IT WORKS PowerPoint Presentation: PAYMENTS WITH GOOGLE WALLET Supports 2 kinds of cards : Citi MasterCard credit cards, and Google Prepaid Card PowerPoint Presentation: It’s easy to set up a Citi MasterCard with Google Wallet. If you already have a card, open Google Wallet and enter your account information. After Citi verifies it, your credit card credentials are stored to a secure microchip on your phone. You can then tap your phone to pay. Citi MasterCard PowerPoint Presentation: Google Prepaid Card The Google Prepaid Card is a virtual card that can be funded with any of your existing credit cards  -- no Citi MasterCard required. After you activate the Google Prepaid Card in Google Wallet, you’ll get $10 in your account. You can then top up the card with additional funds from any of your plastic cards. You’ll pay no fees to top up your Google Prepaid Card at least until the end of 2011. Since the Google Prepaid Card is purely virtual, you won’t get an actual card in the mail. PowerPoint Presentation: WHERE IT WORKS PowerPoint Presentation: Look for these symbols at checkout You can tap to pay using Google Wallet at hundreds of thousands of MasterCard   PayPass  merchant locations. PowerPoint Presentation: SECURITY & PRIVACY   The payment credentials are stored in a chip called the Secure Element contained within your Nexus S 4G. Only authorized programs like Google Wallet can access the Secure Element to initiate a transaction.  Google Wallet enforces a PIN, the only way to transmit payment credentials is if you first enter the PIN. PowerPoint Presentation: SO ARE YOU READY TO TAP, PAY & SAVE WITH

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