Tag: google wallet
- Posted by Jordan
- 27 May 2011
Internet giants Google have announced this week that they are about to roll out a new form of payment method, opening up the payment possibilities of consumers who opt to adapt to the new technology.
Although the announcement of Google Wallet seems to be opening up a new chapter within the Google business spectrum, it seems that all is not rosy following their announcement after online payment merchants Paypal voiced a legal objection.
The reason that Paypal have quickly moved to open a legal lawsuit is that following the loss of Osama Bedier to Google after he opted to join the internet giants to become the head of payments.
The online payment merchants argued that they believe that Google have used the trade knowledge that Bedier has from his time at Paypal to develop their new mobile phone payment method.
Obviously when trying to introduce a new payment method to the extent that Google Wallet is intended to be, you have to be able to get a large number of companies to offer their support by offering a placement in which the consumers would be able to spend using the new method, something that Google have already anticipated.
Google have already lined up companies such as Subway, Toys R Us and FootLocker to become the primary stores to offer the specialist payment platform to those customers that choose to make the switch.
The way in which the new Google Wallet payment method will work is that Android phone users will be able to download an application which will be released in conjunction with Mastercard, FirstData, Sprint and Citi.
To make a payment for any items that are sold within the stores that will be adopting the new innovation, consumers simply have to tap their phone against a small receiver that will replace chip and pin machines in many places, making payments easier and faster than ever before.