Google Wallet By: Amanda Tazbaz ITMG 10. How it works ● Download application on Android smartphone ● Set up payment information ● Shop in store ● Click.

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Presentation transcript:

Google Wallet By: Amanda Tazbaz ITMG 10

How it works ● Download application on Android smartphone ● Set up payment information ● Shop in store ● Click on type of payment and tap phone next to Near Field Communication terminal (NCF) ● Shop online ● look for “buy with Google” ● sign in with account

Features ● Coupons automatically applied at checkout. ● Rewards identified with payment card. ● Google Offers notifies consumers of special deals for the day. ● Track payment transactions. ● Security features

Mobile Competition Type of Mobile Payment MarketTechnologyProsCons Google Wallet Android users NFCGoogle Offers No iPhone support IsisAt&t, Verizon Wireless, and T- Mobile NFCStore multiple credit and debit cards No sprint support Visa WalletMultiple cards through financial networks NFCYears of Experience with payment processing Only supports Visa banking Serve by American Express American express users PayfoneSend money safely between devices Only supports Amex. users

Advantages ● Shopping made quicker and hassle free ● Free app with no fees ● Secure payment information ● password protected with 4-digit pin ● safely encrypted on secure severs ● If phone is lost, can disable account online

Disadvantages ● Concern of hacking attacks ● Technology issues Phone dies, lose reception ● Not effective in every store ● Only in the United States ● Only for android smartphones

Future ● Expand internationally ● Be the common form of payment ● Vending machines, gas stations ● Launch app on more popular devices ● Mobile payment is becoming the future concept

References "Google Wallet." Google. N.p., n.d. Web. 15 Apr Chandler, Nathan. "What is Google Wallet?" 26 February HowStuffWorks.com. 15 April Ziegler, Chris. "The Verge." The Verge. N.p., 19 Sept Web. 16 Apr Parr, Ben. "Mashable." Mashable. N.p., 8 July Web. 16 Apr