By: Ken Steinmann. A virtual wallet that securely stores your credit and debit cards, coupons, and rewards cards. You can make in-store payments by tapping.

Slides:



Advertisements
Similar presentations
Michal Bodlák. Referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation.
Advertisements

Management information systems
Mobile Payments Commerce Without Cash or Credit Cards.
card market news northwest card association Lesley Hastings The Members Group Danville, CA Kevin Kok Jack Henry Payment Processing Solutions Seattle,
1 Moving Away From Paper Checks Introducing the U.S. Department of the Treasury’s Go Direct and Direct Express ® Card Campaigns.
Contactless Payment. © Family Economics & Financial Education – January 2007 –– Financial Institution Unit – Contactless Payment - 2 Funded by a grant.
Our Eyes are on the watch for you! One Stop Shop Payment Automation: Innovative and Smart platform that: Increase Sales and Merchant Retentions Creates.
Pioneering Singapore’s Shift to a Cashless Payments Society Lee Kim Yeow, VP, Enterprise Support Systems.
Convergence in Parking and Transit Steven Grant LTK Engineering Services Senior Systems Consultant Washington, DC March 19th, Fare Collection.
Near Field Communication By Van Logan HTM 304. What is Near Field Communication Short range wireless communication technology between electronic devices.
Mobile Payment Solutions and the EMV/PCI Impact
From Electronic to Digital. © 2014 MasterCard. Proprietary and Confidential. “FRIENDLY” SHOWROOMINGFULLY DIGITAL Mobile is a major shopping tool and growing.
THE TRANSFORMATION OF PAYMENTS. NFC Hosted Payments EMV in the US End-to-End Encryption Mobile POS.
Rapid Mobile Development Enterprises are having a tough time keeping up with the demand for mobile apps. With these growing demands, businesses are expecting.
University of Minnesota MOBILE PAYMENTS [1] CSCI )Tootu kurra 2)Kaustubh Rawoorkar.
Objective: analyze the adv./disadv. and differences between credit, debit and prepaid cards Lesson 7.2 Pay Now: Debit Card Pay Later: Credit Cards Pay.
17-2 Financial Services and Electronic Banking. Types of financial services Savings services Financial institutions accept money for safekeeping. A broad.
Web Payments via Christopher Woods Aaron Buma. Agenda  Introduction  About it  Why to use it  Services they Provide  Seller Protection  Ebay Aspect.
Electronic Payment Systems University of Palestine University of Palestine Eng. Wisam Zaqoot Eng. Wisam Zaqoot March 2010 March 2010 ITSS 4201 Internet.
IPhone app with QuickBooks Online. What is QuickBooks Online for iPhone and how it works  QuickBooks Online for iPhone is a mobile application that keeps.
Digital Wallet
Total ReUp is an innovative all-in- one platform for prepaid wireless dealers. With Total ReUp, wireless dealers can handle all aspects of their business.
Electronic Payment Systems
An owner or “holder” of a credit or debit card or the person who is using a credit card to pay for goods or services CARDHOLDER.
The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.
ITEC0722: Mobile Business and Implementation: Mobile Payment and Security Suronapee Phoomvuthisarn, Ph.D.
CIS 342: e-Commerce Applications Prof Frye
TOPICS TO BE DISCUSSED  Mobile Commerce Mobile Commerce  M-Commerce Technology M-Commerce Technology  M-Commerce Services and Applications M-Commerce.
Business Programs. Evernote Evernote (Free, – Ever feel like the absent-minded professor? Stay on top of tasks with this service that.
Property of the Smart Card Alliance © 2011 The Future of NFC Mobile Payments Randy Vanderhoof Executive Director Transit Payments Markets Migration to.
Contactless Payment. © Family Economics & Financial Education – January 2007 –– Financial Institution Unit – Contactless Payment - 2 Funded by a grant.
JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret.
Google Wallet By: Amanda Tazbaz ITMG 10. How it works ● Download application on Android smartphone ● Set up payment information ● Shop in store ● Click.
Your Student Bill Online. Access to myPoint-Account Information Log into Finance tab View detailed account.
Business Blapps Mastermind Sales Training and Meeting #1.
 A look at mobile payments past  Mobile payments today  Utility Mobile Apps  Payments Tomorrow.
Apple Pay Breakfast briefing 6 October Apple Pay now accepted In store In-app purchases Transport for London.
NEAR FIELD COMMUNICATION AND ISIS MOBILE WALLET GRANT AVRASHOW.
Justice Stillwell 1.  Pre paid cards are non- reloadable  Similar to credit cards  No line of credit needed  Make sure you have enough balance before.
Chapter 4 E-commerce Security and Payment.
Team 13 Prathibha and Shrimi 11/12/13 Mobile Credit Card Processing.
Apple Pay Breakfast briefing 6 October Apple Pay now accepted In store In-app purchases Transport for London.
Five Types of Payment Systems Cash Checking Transfer Credit Card Stored Value Accumulating Balance.
The rising standards of EU Mobile Payments October 2015 Jeremy King, International Director.
SMARTER. TOGETHER. The Mobility of Fraud Michael Loox, CFI Director of Loss Prevention & Safety Coffee Bean and Tea Leaf David Johnston.
GOOGLE WALLET: BUS 111 By: George McKinnon. W HAT I S G OOGLE W ALLET ? Google wallet is a application that stores all of your credit card information.
Payment systems. Debit or Credit cards  Let the customers pay by taking money directly form their account  Allow the money to borrow the money and the.
Chips with Everything John Gill 19 th September 2007.
Global Mobile Card Reader Market WEBSITE Single User License: US$ 2500 No of Pages: 55 Corporate User License: US$
 SafePay: Protecting against Credit Card Forgery with Existing Magnetic Card Readers Yinzhi Cao †, Xiang Pan §, Yan Chen § † Lehigh University § Northwestern.
Near Field Communication Armando Octavio Yesenia Sunny Nidia.
Credit Card. Basic Knowledge about Credit Card A Credit card is a plastic card that provides a cardholder electronic access to his / her bank account.
At vision payment solutions, we are here to recommend the entire range of advanced and techno-savvy payment solutions.
Resource Development….. Are you using these resources? 1.
Confidential and Proprietary - NOT TO BE DISTRIBUTED WITHOUT THE EXPRESS WRITTEN PERMISSION OF BANK OF AMERICA MERCHANT SERVICES. ASTRA EMV Review/Best.
PAYMENT GATEWAYS – ESSENTIAL FOR E- COMMERCE STORE!!! While adding ecommerce functionality to your websites, the prime need arise is to having a secure.
Trusted source for all your payment processing needs.
EMV.
A catalyst for mobile contactless payments adoption?
Suronapee Phoomvuthisarn, Ph.D.
THE ABC’s OF NFC.
Affordable, fast and simple to use mobile payments
TMW Prepaid Card Easy life ki shuruaat! SECURED BY POWERED BY
Chapter 4 E-commerce Security and Payment.
Cesar Lomeli.
Convergence in Parking and Transit
Cesar Lomeli.
Masterpass: Bill Payments July 18, 2017
Debit vs. Credit.
Day One of Training.
Presentation transcript:

By: Ken Steinmann

A virtual wallet that securely stores your credit and debit cards, coupons, and rewards cards. You can make in-store payments by tapping your phone to pay, using Google Wallet anywhere that contactless payments are accepted. You can pay online by signing into your Google Wallet account. Video

Currently, you can use Google Wallet in-store anywhere contactless payments are accepted, at over 200,000 merchants across the United States.

Google Wallet allows you to store any major credit or debit card from VISA®, MasterCard®, American Express®, and Discover®. If you’ve ever bought an app or song from Google Play, or if you’ve ever used Google Wallet online, these cards will also appear in the mobile app.

The mobile app uses Near Field Communication (NFC), a secure, wireless connection to transmit payment details to the merchant. When you setup credit or debit cards in the Google Wallet mobile app, you are issued a virtual prepaid MasterCard card, by its partner Bancorp. When you pay in-store by tapping your phone, Google Wallet passes the virtual card to the merchant for payment and charges your selected credit or debit card for the purchase.  VideoVideo

The contactless hardware at the merchant location may be old or malfunctioning If the Google Wallet has a daily spending limit of $1,000 has been reached.

Signing into the Google Wallet online management center and disable Google Wallet on your lost or stolen device. Call customer service. If Google Wallet can connect to your device, it will remotely reset the application, clearing it of payment and transaction data.

Nexus S on Sprint Unlocked Galaxy Nexus LG Viper on Sprint LG Optimus Elite on Sprint LG Optimus Elite on Virgin Mobile

There is a political fight over the technology. When the user engages in the use of the product, who owns the customer? Fewer than one percent of all phones produced today. More devices are needed to make Google Wallet and other NFC-based mobile payment solutions successful Tapping a phone against a reader is no faster than swiping a card. It can actually be longer. Very slow adoption by cell phone providers.

FAQ Google Wallet. (n.d.). Google. Retrieved November 20, 2012, from Melanson, D. (n.d.). Google Wallet: one year later. Engadget. Retrieved November 20, 2012, from year-later/ year-later/ Reardon, M. (n.d.). Is NFC killing Google Wallet? | Mobile - CNET News.Technology News - CNET News. Retrieved November 28, 2012, from _ /is-nfc-killing-google-wallet/ 1035_ /is-nfc-killing-google-wallet/