Google Wallet announced

Just a few days after Square announced its plans to offer a way to make payments using smartphones and ditching cash registers, Google has announced a similar plan that will work with MasterCard accounts. It's called Google Wallet and it's designed to work with MasterCard's already established PayPass system. Basically the idea is that you use your Google Wallet-based smartphone and tap it to a PayPass reader to purchase items. The money is taken directly out of your account; no credit card is needed.

Google Wallet is being tried out first in a very limited release in New York and San Francisco. At the moment it will only work with Sprint's  Nexus S 4G phone but more Android based phones will be added in the coming months. It will also only work at the moment for people who own a Citi MasterCard or a Google PrePaid card with support for Google Wallet. A number of retailers and merchants have pledged support for Google Wallet. In addition, Google also announced a second related project today called Google Offers that will give you a special offer per day from a merchant that you can make use of via Google Wallet.

Obviously this is just the first step in this kind of payment system and according to Engadget Google sees people using Google Wallet for all kinds of things including having boarding passes for planes and tickets for sport events and concerts stored on your smartphone. Even your ID and your keys could be uses by such a system in the future.

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18 Comments

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UndergroundWire said,
About time. Apple is also releasing there this year (to be announced soon). Once again Microsoft is gonna have to play catchup.

If Steve Ballmer has anything to say about it, Microsoft will pretend that the technology doesn't exist until it's way too late to get into the game. Then they'll go, 'oh dang' and come out with something really elegant but so innovative and different that nobody will want to use it. It will fail, and Microsoft will look stupid. Again.

How is this better than chip n pin? I've been reading around and can't find a mention of typing a pin into a phone. If it's as simple as a swipe I'd rather have chip n pin plastic.

i shall make a device that when near a device equipped with NFC, it snatches a bit o' money. yes. yes. very good indeed.

auziez said,
i shall make a device that when near a device equipped with NFC, it snatches a bit o' money. yes. yes. very good indeed.

Yes, because it'll be that simple....

auziez said,
i shall make a device that when near a device equipped with NFC, it snatches a bit o' money. yes. yes. very good indeed.

Yep, and who's going to miss ten cents, right? Go to a street fair and make a few hundred dollars, easy-peasy. Going to a concert? Shoot. Those tickets pay for themselves!

auziez said,
i shall make a device that when near a device equipped with NFC, it snatches a bit o' money. yes. yes. very good indeed.

So what schematic capture program are you going to use? I also assume you have a background in antenna design, RF theory, microprocessors, etc? Are you going to choose an Atmel or microchip processor, or go with something like OMAP from TI? How many layers is your board going to be?

I doubt you know the first thing about anything required to begin making a device to do anything, let alone steal money from an NFC enabled device.

On an Android i would start to worried having my CC details stored on the phone...

Be nice if they would integrate a PIN function into the phone versions...

blahism said,
No way i'll use this..


It work the same way as paypal but in your phone. Your personal data is still protected.

It'll bring about ID theft and so much more money laundering problems.
Real money for me still, thanks.