120 likes | 132 Views
Wall Street Journal Katherine Boehret. JJ Reisnaur Karah Ambrose. What is Google Wallet?. Smart phone application that allows users to make in store purchases from the convenience of their phone . . Sprint Wireless Nexus S 4G phones
E N D
Wall Street Journal Katherine Boehret JJ Reisnaur Karah Ambrose
What is Google Wallet? Smart phone application that allows users to make in store purchases from the convenience of their phone .
Sprint Wireless Nexus S 4G phones • All in one device Multiple credit cards
Compatibility • MasterCard • Google pre-paid card • Store loyalty cards/gift cards • Eventually: Visa, American Express, and Discover cards
Strengths • “Delightfully easy to use” • Convenient • No transaction fees • Secure: PIN required • Sleep mode
Online coupons transferred to Google Wallet • Set a limit • Current Balance • See locations where accepted on map
Weaknesses • What if your phone dies? • Visa, American Express not included, yet • Only compatible with stores that offer MasterCard pay pass
Only compatible with one phone, on one network • Doesn’t completely dispose of wallet
Competition • Cloud (PayPal accounts) • Visa (PayWave) • Square (Free Android and IPhone App) • Sprint: 53.4 million customersVerizon: 108.7 million customersAT&T: 108.3 million customers • Japanese innovation
Think about it…. • Would you trust your phone to hold ALL your account information?
References • http://online.wsj.com/article/SB10001424053111904194604576582832937357862.html • http://en.wikipedia.org/wiki/Sprint_Nextel • http://en.wikipedia.org/wiki/Verizon_Wireless • http://en.wikipedia.org/wiki/AT%26T_Mobility