Entries in Wallet (2)
NFC seems to be all the rage these days. Google describes the adoption of NFC as "next big shift." I would agree but until this all shakes out and NFC becomes decidedly easier than simply swiping a credit card, I'll remain waiting to be impressed. Google is moving forward to making the technology easier to use, or at least more widely adopted.
Google has partnered with MasterCard, Citi Bank and Sprint to start the service. Google will also be offering it's 'Google Prepaid Card' so you could transfer funds from non Master and Citi cards, but again, seems like a value lessening hassle. Google Wallet will not only hold your card info, it also can be used to store gift cards from select retailers. You also will be given special offers through Google Wallet. At some retailers you will be able to simply tap your phone and have the offer applied without the clerk having to scan coupons or the like.
When it launches Google Wallet will only be usable by the Google Nexus S from Sprint. Google will likely provide support to it's Android phone manufactures. They even claim the service to be usable by NFC-less phones via a sticker. If that is the case it will open the service up to many phones, including the iPhone, which the next iteration may or may not contain NFC.
This technology is very early and until NFC is accepted as widely as credit cards it will be very codependent on the classic wallet.