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Published byEthelbert Griffin Modified over 9 years ago
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JJ Reisnaur Karah Ambrose Wall Street Journal Katherine Boehret
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What is Google Wallet? Smart phone application that allows users to make in store purchases from the convenience of their phone.
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Sprint Wireless Nexus S 4G phones All in one device Multiple credit cards
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Compatibility MasterCard Google pre-paid card Store loyalty cards/gift cards Eventually: Visa, American Express, and Discover cards
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Strengths “Delightfully easy to use” Convenient No transaction fees Secure: PIN required Sleep mode
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Online coupons transferred to Google Wallet Set a limit Current Balance See locations where accepted on mapmap
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Weaknesses What if your phone dies? Visa, American Express not included, yet Only compatible with stores that offer MasterCard pay pass
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Only compatible with one phone, on one network Doesn’t completely dispose of wallet
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High rates of cell phone theft/loss in AmericaAmerica
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Competition Cloud (PayPal accounts) Visa (PayWave)PayWave Square (Free Android and IPhone App) – Sprint: 53.4 million customers Verizon: 108.7 million customers AT&T: 108.3 million customers Japanese innovation Japanese
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Think about it…. Would you trust your phone to hold ALL your account information?
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References http://online.wsj.com/article/SB10001424053 111904194604576582832937357862.html http://online.wsj.com/article/SB10001424053 111904194604576582832937357862.html http://en.wikipedia.org/wiki/Sprint_Nextel http://en.wikipedia.org/wiki/Verizon_Wireless http://en.wikipedia.org/wiki/AT%26T_Mobility
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