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Google Wallet and Mobile Offers - The Social Payment

The Social Payment

Google Wallet and Mobile Offers

What it does: NFC payments ecosystem formed in partnership between Google, Citibank, MasterCard, Sprint and First Data that enables contactless payments using a smartphone; One-touch merchant loyalty and special offers; Stored-value payments.

Pros: Eliminates need to carry cards; Leverages existing PayPass system of touch-to-pay; Incorporates coupons and merchant deals, as well as loyalty program into ecosystem; Built on open standards.

Cons: Limited availability of NFC-enabled devices.

Availability: Summer 2011

More info:

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