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JJ Reisnaur Karah Ambrose

Wall Street Journal Katherine Boehret. JJ Reisnaur Karah Ambrose. What is Google Wallet?. Smart phone application that allows users to make in store purchases from the convenience of their phone . . Sprint Wireless Nexus S 4G phones

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JJ Reisnaur Karah Ambrose

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  1. Wall Street Journal Katherine Boehret JJ Reisnaur Karah Ambrose

  2. What is Google Wallet? Smart phone application that allows users to make in store purchases from the convenience of their phone .

  3. Sprint Wireless Nexus S 4G phones • All in one device Multiple credit cards

  4. Compatibility • MasterCard • Google pre-paid card • Store loyalty cards/gift cards • Eventually: Visa, American Express, and Discover cards

  5. Strengths • “Delightfully easy to use” • Convenient • No transaction fees • Secure: PIN required • Sleep mode

  6. Online coupons transferred to Google Wallet • Set a limit • Current Balance • See locations where accepted on map

  7. Weaknesses • What if your phone dies? • Visa, American Express not included, yet • Only compatible with stores that offer MasterCard pay pass

  8. Only compatible with one phone, on one network • Doesn’t completely dispose of wallet

  9. High rates of cell phone theft/loss in America

  10. Competition • Cloud (PayPal accounts) • Visa (PayWave) • Square (Free Android and IPhone App) • Sprint: 53.4 million customersVerizon: 108.7 million customersAT&T: 108.3 million customers • Japanese innovation

  11. Think about it…. • Would you trust your phone to hold ALL your account information?

  12. 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

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