JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret.

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Presentation transcript:

JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret

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

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

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

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

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

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

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

High rates of cell phone theft/loss in AmericaAmerica

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

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

References html html