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Google Wallet Makes Your Phone Your Wallet
Google Wallet is an Android app that will allow you to use your cell phone as your "wallet"; that is, you can use NFC (Near Field Communication) to tap a special station at a merchant to pay by phone.
Google Wallet has been designed for an open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today. And because Google Wallet is a mobile app, it will be able to do more than a regular wallet ever could, like storing thousands of payment cards and Google Offers but without the bulk. Eventually your loyalty cards, gift cards, receipts, boarding passes, tickets, even your keys will be seamlessly synced to your Google Wallet. And every offer and loyalty point will be redeemed automatically with a single tap via NFC.
At launch, consumers will be able to use CitiŽ MasterCardŽ cards and the Google Prepaid Card with Google Wallet. Google promises that you will be able to simply "tap to pay" at hundreds of thousands of merchants.
Fans of sf great Frederik Pohl recall that the Joymaker PDA from his 1965 novel The Age of the Pussyfoot has a great feature besides making phone calls: the user can use it as a kind of cell phone credit card.
Via Google Wallet.
Scroll down for more stories in the same category. (Story submitted 5/29/2011)
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