jj reisnaur karah ambrose wall street journal katherine boehret
TRANSCRIPT
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JJ ReisnaurKarah
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 map
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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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Competition
• Cloud (PayPal accounts) • Visa (PayWave) • Square (Free Android and IPhone
App)– Sprint: 53.4 million customers
Verizon: 108.7 million customersAT&T: 108.3 million customers
• Japanese innovation
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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/SB10001424053111904194604576582832937357862.html
• http://en.wikipedia.org/wiki/Sprint_Nextel • http://en.wikipedia.org/wiki/Verizon_Wireless• http://en.wikipedia.org/wiki/AT%26T_Mobility