Tuesday, September 20, 2011

Google launched a new payment system in American

Last September 19, 2011 – Google released a new product and services call Google Wallet. Using your 4G smart phone, you can pay your utility bills, cappuccino at coffee shop, even payment for a taxi ride. Its totally replacement on you bulky leather wallet, how awesome is that! Google tied-up Citi, MasterCard, Sprint and First Data. With Google Wallet, you can tap, pay and save using your phone and near field communication (NFC).

Google been testing it extensively, and they releasing the first version of the app to Sprint. That means Google beginning to roll out Google Wallet to all Sprint Nexus S 4G phones through an over-the-air update—just look for the “Wallet” app. Here’s a demo of Google Wallet in action:


This Google Wallet is cool and if Google giving us a change to implement here in the Philippines. Wow! that is awesome!


Google Wallet - vision

In the past few thousand years, the way we pay has changed just three times—from coins, to paper money, to plastic cards.

Now we’re on the brink of the next big shift.



Introducing Google Wallet

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 near field communication, or NFC.


Payments, offers, loyalty, and so much more

Google Wallet has been designed for an open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today. And because Google Wallet is a mobile app, it will be able to do more than a regular wallet ever could, like storing thousands of payment cards and Google Offers but without the bulk. 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.

The future of commerce starts today

Google Wallet is now released on Nexus S 4G by Google, available on Sprint. Over time, we plan on expanding support to more phones.

You can pay with Citi® MasterCard® cards and the Google Prepaid Card. You can tap to pay at hundreds of thousands of merchants.

This is just the beginning, but we believe that, in time, your phone with Google Wallet will be the one thing that holds everything you need to carry.



How it works

  1. Look for these symbols at checkout.
  2. Tap your phone on the reader.  Your phone sends payment, and, at some merchants, offers and loyalty information.


Give your smartphone some credit

Tap your phone to pay with the virtual credit cards stored on your Google Wallet.

Google Wallet supports two kinds of cards:
  • Citi® MasterCard® credit cards, and
  • the Google Prepaid Card

We aim to eventually support all the payment cards you keep in your leather wallet today. So the only plastic you'll need is your phone.



Citi MasterCard

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. If you have a Citi MasterCard and want to confirm that it works with Google Wallet, check here.

If you do not currently have a Citi MasterCard, you can apply for one here.


Google Prepaid Card

The Google Prepaid Card is a virtual card that you can fund 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. Your first $10 spent with Google Wallet is on us.

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.

The Google Prepaid Card is powered by MasterCard® and Money Network®.

Gift cards

Google Wallet can store gift cards for participating merchants. When you tap to pay at a merchant, Google Wallet transmits your gift card information to the terminal.


Offers & Loyalty

Google Offers are deals on products and services at local or online businesses. Whenever you buy or save a Google Offer, it automatically syncs to your Google Wallet so your offers are always with you.

Google Wallet can also store loyalty cards for participating merchants.





3.3_securityGoogle Wallet is designed and engineered to enable safe, secure payments. In fact, Google Wallet’s security features go beyond what’s possible with traditional wallets and cards.


A locked wallet is a safer wallet

Google Wallet requires you to set up a Google Wallet PIN that must be entered before making a purchase. This PIN prevents unauthorized access and payments via Google Wallet. Android phones also feature a separate lock screen.


Secure technology

Google Wallet and MasterCard PayPass™ provide many layers of security.

Google Wallet stores your encrypted payment card credentials on a computer chip on your phone called the Secure Element. Think of the Secure Element as a separate computer, capable of running programs and storing data. The Secure Element is separate from your Android phone's memory. The chip is designed to only allow trusted programs on the Secure Element itself to access the payment credentials stored therein.

The secure encryption technology of MasterCard PayPass protects your payment card credentials as they are transferred from the phone to the contactless reader.

What to do if your phone is lost or stolen

Even though the Google Wallet PIN and Secure Element protect your payment card information, you should still call your issuing banks to cancel your cards.


Where it works

Look for these symbols at checkout

You can tap to pay using Google Wallet at hundreds of thousands of MasterCard® PayPass™ merchant locations. Just look for these symbols:



Frequently Asked Question



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