Friday, May 27, 2011

Internet Group as the successor to the credit card: Google Wallet: Pay with your mobile phone

Who is in the future at the box office pulls out, not the wallet, but Keeping your smartphone against a small terminal - done. Made possible by the NFC technology and services such as. And how it works: To start (Google is testing the service initially in the U.S. in a field experiment) works for the Internet giant wallet with Citibank.

If you have a credit card of this bank is a special app only the map data. Automatically linked to the smartphone so with the credit card account. When payment is an NFC chip (NFC stands for Near Field Communication) is used. It communicates with the aforementioned POS terminal by radio, transmits the billing information and charge the credit card.


Those who do not have a Citibank card that uses a prepaid account that Google provides an alternative to disposal. About credit cards of other banks, download the account and pay as with a mobile phone card also by NFC. In addition, Google merchants via Google offers "the possibility of vouchers or discount codes to offer Google Wallet.

You pay to the system detects that if the store gives a discount and charge the account only with the special lower price. As mentioned, Google Wallet is currently available as a field test is only available from selected retailers in the U.S. - and only works with the smartphone "Nexus S" from Google (which is already equipped with an NFC chip).

That should change soon, however, if the test is successful.

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