Google Wallet announced, Sprint's Nexus 4G will be the first phone to take advantage of it
The first NFC-equipped device to take advantage of it will be Sprint's Nexus S 4G, with more to come, or you can use a special NFC sticker on the back of your phone, similar to the Bling Tag. Google will subsidize merchants to upgrade their POS equipment for taking NFC payments.
For the mobile payment backend Google Wallet is partnering with MasterCard's PayPass system for payment processing, which works for some of its cards with embedded chip to wave it in front of a terminal and pay. Citigroup is providing the banking services behind the project, and as far as retailers go, Google Wallet will be available at such stalwarts as Macy's, American Eagle, Subway, and The Container Store, among others.
As far as security is concerned, Google clarifies that Google Wallet acts as a virtual credit card, you can call and deactivate it, if your phone is lost or stolen. Still, you have to enter a PIN password for the payment to take place, as if you are paying with a debit card entering your PIN code, plus if your phone goes missing there won't be anything to call MasterCard with anyway.
2. vette21man (Posts: 351; Member since: 06 Apr 2011)
This is only the beginning for NFC.
Another application is to swipe your phone near a building (e.g., church, concert hall, restaurant) to view upcoming events or menu specials. You can then easily interact with the NFC tag putting your name in for reservations or call to purchase tickets, etc.
All future smart phones need to be equipped with NFC, or they will get drastically left behind.
5. protozeloz (Posts: 5379; Member since: 16 Sep 2010)
I like your attitude :D NFC can be super useful on our daily lives
6. SuperAndroidEvo (Posts: 4326; Member since: 15 Apr 2011)
I like that aspect of NFC. To swipe to see names of buildings, information on art, information on music, movies, & magazine articles. What about if you’re in another country & don't know the name of a car or motorcycle, all you would need to do is swipe your phone on it & it will give you the car's or motorcycle's make, model, year, price & so on. Also to exchange information with another phone. I like the potential. The only thing I am a little worried about would be to use money with it. I think I would rather have either cash or plastic. The Google Wallet just seems a little risky for me. Call me old fashioned! Maybe I just need to see it in action. But for all the other stuff I am so in!