Today Google unveiled it’s latest game-changing product, Google Wallet. The system allows people to pay with their phones instead of cards, just like similar payment-without-card systems you might have seen from the likes of Visa and various banks. Google, Mastercard, Citigroup, First Data and Sprint will make the service available this summer to people in New York and San Francisco, Google and its partners said on Thursday.
Designed to work as an app on Android phones, it hitches a ride on MasterCard’s “PayPass” technology, which lets shoppers tap cards for payment. Google has signed up retailers including Macy’s Inc, American Eagle Outfitters Inc and Subway to blend the service with loyalty programs and discount offers.
Citigroup Mastercard holders with PayPass-enabled cards will get first crack at Google’s service. They also plan to sell a virtual prepaid card.
Of course, if you want to utilize Google Wallet you’ll need a phone that has an NFC (near field communication) chip, and the Nexus S and Nexus S 4G are the only ones with that technology so far. It will initially be available for Sprint customers only, so the Nexus S 4G is the one you’ll need.
Want more info? Check out the Google Wallet site
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Co-owner and PR guy for GizmoNinja.com. I’m happily married and a father to a wonderful (most of the time) son. I work in the E9-1-1 software/data industry by day and am a tech loving geek in my spare time. I’m interested in all things tech, but am big into Android especially. I dabble in a little of everything – Android development, PC development, web development, etc – but am a master of none (not even close)… But I have fun doing it anyway! =P