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JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret.

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Presentation on theme: "JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret."— Presentation transcript:

1 JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret

2 What is Google Wallet? Smart phone application that allows users to make in store purchases from the convenience of their phone.

3 Sprint Wireless Nexus S 4G phones All in one device Multiple credit cards

4 Compatibility MasterCard Google pre-paid card Store loyalty cards/gift cards Eventually: Visa, American Express, and Discover cards

5 Strengths “Delightfully easy to use” Convenient No transaction fees Secure: PIN required Sleep mode

6 Online coupons transferred to Google Wallet Set a limit Current Balance See locations where accepted on mapmap

7 Weaknesses What if your phone dies? Visa, American Express not included, yet Only compatible with stores that offer MasterCard pay pass

8 Only compatible with one phone, on one network Doesn’t completely dispose of wallet

9 High rates of cell phone theft/loss in AmericaAmerica

10 Competition Cloud (PayPal accounts) Visa (PayWave)PayWave Square (Free Android and IPhone App) – Sprint: 53.4 million customers Verizon: 108.7 million customers AT&T: 108.3 million customers Japanese innovation Japanese

11 Think about it…. Would you trust your phone to hold ALL your account information?

12 References http://online.wsj.com/article/SB10001424053 111904194604576582832937357862.html http://online.wsj.com/article/SB10001424053 111904194604576582832937357862.html http://en.wikipedia.org/wiki/Sprint_Nextel http://en.wikipedia.org/wiki/Verizon_Wireless http://en.wikipedia.org/wiki/AT%26T_Mobility


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