Google Wallet: Your Phone has no NFC? Use a Sticker Instead

Yesterday Google unveiled their mobile payment service Google Wallet. With Google Wallet you'll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet. The full functionality of Google Wallet is going to be available with NFC enabled mobile phones, but Google also has plans to allow other phones to use Google Wallet.

TechCrunch reports that Google works on a solution that uses NFC stickers. These stickers would identify your account and the transaction would be done through the cloud. Google's Osama Bedier said that this solution would offer less functionality compared to an NFC phone. Details are very vague at this point how the NFC sticker payment system would work. It will anyway still take some time until Google Wallet rolls out. It is in field testing now. It might even get delayed as Google faces a lawsuit from PayPal that got filed just after the announcement. PayPal specifically filed a lawsuit against Osama Bedier and Stephanie Tilenius, former PayPal employees and now working for Google. PayPal says their trade secrets have been stolen.

Updates

Is Google or PayPal Leading the Charge in Mobile Payments?

Source: Voices | All Things Digital

PayPal made a big splash yesterday, saying that it now has commitments from 16 major retailers to roll-out PayPal at the register. Additionally, it said it is partnering with four software providers to gain access to 50,000 small-to-medium-size ...
Full article at: Voices | All Things Digital  More like this  3 hours ago, 4:30pm CDT

Report: Groupon Entering Payments Business

Source: PC Magazine

For the top stories in tech, follow us on Twitter at @PCMag. Move over, Square, PayPal, Verifone, and all other mobile payments providers: Groupon wants a piece of the pie. According to a report on VentureBeat, Groupon is testing a mobile credit- ...
Full article at: PC Magazine  More like this  4 hours ago, 3:07pm CDT

PayPal extends influence with 15 national U.S. retailers

Source: Smart Planet Blog

After a successful pilot program with Home Depot that turned into a nationwide rollout, payment and shopping services company PayPal has signed up 15 additional retailers in the United States. Here’s how its new offline serv ...
Full article at: Smart Planet Blog  More like this  5 hours ago, 2:32pm CDT

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