Google Announces Major Push Into NFC Payments With Google Wallet

Discussion in 'MacRumors.com News Discussion' started by MacRumors, May 26, 2011.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    [​IMG]


    Google today unveiled its new Google Wallet initiative, a push into near field communications (NFC) that will allows users to make electronic payments with NFC-compatible hardware through the Google Wallet mobile app for Android.
    Google Wallet will be able to store users' credit card, loyalty card, and gift card information electronically, making it easy to access the payment and discount methods at compatible points-of-sale. The app will also coordinate with Google Offers, a new program allowing merchants to offer discounts redeemable through NFC or barcode scanning.

    Initial support for Google Wallet NFC payments comes from MasterCard, which will accept payment at hundreds of thousands of existing PayPass terminals. Google is also rolling out its own virtual "Google Prepaid Card", which can be funded by any major credit card. Google Prepaid Card comes with an initial $10 sign-up bonus, and there will be no fees on transactions to top up the card until at least the end of 2011.

    Hardware support for Google Wallet will appear on the Nexus S 4G phone running on Sprint's network, but other compatible handsets will be added over time.

    Rumors have gone back and forth over whether Apple will be adding NFC capabilities to the next-generation iPhone, with the general feeling currently being that Apple will add NFC to future iPhone models, but not necessarily for the next generation expected to be introduced later this year.

    Article Link: Google Announces Major Push Into NFC Payments With Google Wallet
     
  2. macrumors regular

    Joined:
    Apr 2, 2011
    #2
    Brilliant. Chip embedding under the skin is not far any more.
     
  3. macrumors member

    Joined:
    Apr 20, 2010
    #3
    Love it. Wallets, cash, credit cards, etc. are far past antiquated.
     
  4. macrumors 6502

    Joined:
    Jun 27, 2005
    Location:
    USA
    #4
    If I lost my phone, how quickly can I remotely disable this service? Also, most vendors still lack NFC capabilities and I would still need to keep plastic around if I wanted to pay with credit.

    I like the idea a lot, though.
     
  5. Guest

    toddybody

    Joined:
    May 13, 2010
    Location:
    On Mars, thinking about my father...
    #5
    Sounds cool...but too Orwellian for me. Ill keep my wallet, thanks
     
  6. macrumors 65816

    skellener

    Joined:
    Jun 23, 2003
    Location:
    So. Cal.
    #6
    Pay attention here. This is where you'll get pinched. Can you say convenience fee? Expect to see bank fees, credit card fees and carrier fees attached to these NFC purchases in the future. Everyone is going to want a piece of that pie!
     
  7. macrumors 68040

    Roessnakhan

    Joined:
    Sep 16, 2007
    Location:
    Albuquerque, USA
    #7
    As long as its secure, I welcome the day when I don't have to carry a wallet around or print any documents (e.g. boarding passes). I keep my phone pin locked, so it would already be more secure than someone getting my wallet. Hopefully any fees attached wouldn't be too exorbitant.
     
  8. macrumors member

    Joined:
    Feb 3, 2004
    #8
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3_3 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8J2 Safari/6533.18.5)

    Hurry Apple. Google will screw this up. And Visa and MC have sat idle for years while fraud has grown. They deserve to b toppled.
     
  9. macrumors member

    Joined:
    Apr 13, 2011
    #9
    Thanks G2, now I'm locked into two years of not having a wallet.
     
  10. macrumors 68020

    jclardy

    Joined:
    Oct 6, 2008
    #10
    I think it is cool, but there are still some things that would keep me from using it all the time (Other than the fact that the retailers have to support it...)

    One is your phone battery. I charge it pretty much every night, but sometimes I forget to plug it in and it dies on the second day. If I only had a an e-wallet I wouldn't be able to put gas in my car.

    Add that to the fact that I still have to carry around my drivers license, business cards and a little cash I don't think my real wallet is going anywhere. Maybe just getting a little smaller.
     
  11. macrumors member

    Joined:
    May 6, 2010
    #11
    Potential problems?

    Don't really know how I feel about this. Yes, it will increase convenience, but it will also spawn a new kind of thief - one who puts an NFC receiver in his pocket, brushes up against your pocket with your cell phone in it, and steals your money without having to pickpocket you. A wireless robber.

    Also, if you lose your phone like I often do, does that mean that people who pick it up can use it as a limitless credit card? Sounds scary.
     
  12. macrumors regular

    Joined:
    May 12, 2011
    Location:
    Norcal
    #12
    AweSome

    In before an iPhone user says it's stupid but then will get excited with apple's iTunes linked version!
     
  13. macrumors 6502a

    Joined:
    Apr 20, 2008
    #13
    This is in relation to the Google Prepaid Card. It is no different than the Greendot card, Rush card, or whatever other stupid pre-paid credit cards are out there.

    It is not in relation to NFC, which has its fees covered by the merchant, not the customer. Again, no different than any other credit card.
     
  14. macrumors 601

    BornAgainMac

    Joined:
    Feb 4, 2004
    Location:
    Florida Resident
    #14
    I like how one device does so much.
     
  15. Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #15
    Don't worry the embedded chip will include the number 666 free of charge
     
  16. macrumors 604

    Piggie

    Joined:
    Feb 23, 2010
    #16
    This is great as long as we can do one thing.

    Can we transfer money between phones?
    That way we won't need cash really, if I can come round your home and you can sell me your old TV, and I can move $500 from my phone onto your phone then it's a winner.
     
  17. macrumors member

    Joined:
    Dec 13, 2007
    #17
    Yeh, right!

    I so can't wait to trust my money to the Mother of Perpetual Beta!
     
  18. macrumors 6502a

    Joined:
    Jun 29, 2006
    #18
    You need to enter a pin to use it. Also, you would just call your credit card company and cancel it, or probably online you could deactivate it from your phone
     
  19. macrumors regular

    Joined:
    Aug 14, 2008
    #19
    Probably the implementation will require you to open an APP. So, it can't be scanned nor can send details if the app is not running.
     
  20. macrumors 603

    ChazUK

    Joined:
    Feb 3, 2008
    Location:
    Essex (UK)
    #20
    Wirelessly posted (Mozilla/5.0 (iPod; U; CPU iPhone OS 4_3_3 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8J2 Safari/6533.18.5)

    Looking forward to see how this works out. Samsung and Orange in the UK are doing NFC payment trials right now I think.

    Could be handy carrying around "one less thing"! ;)
     
  21. macrumors 68000

    ten-oak-druid

    Joined:
    Jan 11, 2010
    #21
    Apparently Mr. Camping blames the delay of the rapture on the slow implementation of NFC.

    I think this NFC thing will not make waves in terms of getting people to buy phones and tablets. But it will slowly be embraced and appreciated over time.
     
  22. macrumors 6502a

    Joined:
    Apr 25, 2006
    #22
    Agreed. I especially like the point where they knew exactly where you are at all times. I would be ok if there was NFC from say a stand and your phone picked up on it, but then I would be walking around with my phone on all the time looking at that instead of where i was going. If it used location based stuff via cell towers like everything does today, I say i'll pass.

    As for the theft part, I think this would help curve it towards a positive (as in good) direction. Unlike the PayPass cards implemented now, it is not activated until POS or when you tell it to turn on. The ones right now embedded in your wallet are always on.
     
  23. macrumors 68000

    Joined:
    Aug 11, 2008
    #23
    Great.
    Now Google can track and sell data related to whatever I am purchasing.

    Looks like Apple gets beaten to the market again in a market where the first major player is bound to set the standard.
     
  24. macrumors member

    alex.sebenski

    Joined:
    May 26, 2010
    Location:
    Toronto, Ontario, Canada
    #24
    They've mentioned at the event that the chip is disabled while the phone is locked and requires a payment to be activated by the user. The only time someone could use an NFC receiver to make transfers without you knowing is while you're using it, when you should be aware of who has a receiver near you.
     
  25. macrumors 6502

    Joined:
    Feb 24, 2011
    #25
    Great so when my phone dies I'm completely screwed.
     

Share This Page