Photos: Google Introduces Google Wallet (PHOTOS)
By Gabriel Perna | May 26, 2011 05:42 PM EDT
At an event in New York City, Google introduced Google Wallet, a contactless near field communication (NFC)-based cell phone payment platform.
The company is teaming up with Citibank, Mastercard, First Data, Sprint as well as numerous retailers to roll it out. The service will tested in New York City and San Francisco this upcoming summer for various consumers on the Google Nexus S phone. Google said going forward it has the possibility to be implemented on NFC enabled phones if other operating system providers, hardware companies and carriers are willing to work with them.
Along with introducing Google Wallet, Google introduced Google Offers as well. The Groupon like service offers localized deals. Google plans to bring the retail ecosystem from payments, to offers and coupons into a single digital entity.
Here's a look at Google unveiling the new platform.
Read: With Google Wallet in hand, who needs Groupon now?
Read: How Google Wallet works?
Read: Google Wallet: Has Google done enough for NFC mobile payment renaissance?
Read: What is inside Google Wallet?
Read: Google: With A Single Tap, Your Phone Will Be Your Wallet
Google rolled out its NFC contactless payment service called Google Wallet at an event on Thursday
Source: IBTimes/Gabe Perna
Security experts say Google Wallet can be safer than your credit card, in some circumstances, but it can also be more vulnerable in other instances.
Source: IBTimes/Gabe Perna
Google’s vice president of payments, Osama Bedier, demonstrating the Google Wallet application on a Google Nexus S phone.
Source: IBTimes/Gabe Perna
Google Vice President of Commerce for Stephanie Tilenius shows how localized data combined with Google Wallet can allow for consumers to find deals and pay for their groceries all on their cell phone.
Source: IBTimes/Gabe Perna
Google Vice President of Commerce for Stephanie Tilenius demonstrating how a phone would be used as a payment source in a grocery store.
Source: IBTimes/Gabe Perna
Along with Google Wallet, the company also introduced Google Offers. The Groupon style service offers localized deals and is automatically used in conjunction with Google Wallet.
Source: IBTimes/Gabe Perna
Google’s vice president of payments, Osama Bedier, demonstrating how to store a credit card on Google Wallet.
Source: IBTimes/Gabe Perna
Google’s vice president of payments, Osama Bedier, demonstrating how a consumer with an NFC enabled phone using Google Wallets can buy a pair of shorts at American Eagle with their cell phone.
Source: IBTimes/Gabe Perna
The Google Wallet enable phone processes the user's credit card, loyalty card and offers with one single tap.
Source: IBTimes/Gabe Perna
The Google Nexus S are embedded with a NXP PN65 chip, which enables a secure platform. The chip, which acts as a transfer agent from the phone to the retail outlet with encrypted consumer data, is only turned on when the wallet is unlocked.
Source: IBTimes/Gabe Perna
Sprint is one of the many partners Google has teamed up with on this venture. Google Wallet will initially be available on Sprint's Google Nexus S phone. The company did not specify which, if any, future phones would come equipped with Google Wallet.
Source: IBTimes/Gabe Perna
