A fast growing technology which will soon replace your leather wallets..! more efficient, fast and secure than the traditional wallets...! Money transfer at just a simgle tap from our android hand set . and many more mind bogelling features.... download n hav fun...;)

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2.  What is GoogleWallet?
 How it works?
 How it works in store & how it works online?
 Technology used - NFC
 Where it works?
 Benefits
 Payments
 Securities
 Privacy
 Drawbacks
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3.  Android app that makes your
phone your wallet. It stores
virtual versions of your existing
plastic cards on your phone.
Simply tap your phone to pay
and redeem offers using near
field communication, or NFC.
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5. MasterCard PayPass
reader
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7. Distance 4 cm or less.
Near field
communication is
used. Which
produces radio
frequency via
RFID(Radio
frequency
identification
device) and
matches encryted
security code &
transports access
key.
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8.  It is a set of standards for smartphones & similar
devices to establish radio communication with
each other by touching or bringing together.
 Nfc standards cover communication protocols &
data exchange formats & are based on existing
radio frequency identification (RFID) standards
including ISO/IEC & Felica.
 Nfc uses two types of coding- Miller &
Manchester.
 In miller 0 & 1 bit coding is done whereas
manchester is line coding or phase coding which
is sed to encode every single data bit.
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9.  Matching encrypted security code and
transporting access key.
 Due to short transmission range, NFC-based
transactions are possibly secure.
 Instant payments and coupon delivery using
your handset, as we do with your credit
card or debit card.
 Exchange of information such as schedules,
maps, business card and coupon delivery in a
few hundred milliseconds.
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13.  Itwill not disrupt the business model currently in
place between banks, payment processors and
merchants, as Google is not seeking a percentage of
the payment transaction fee.
 Itenables the provisioning of multiple bank and
credit cards, making it accessible to all banks.
 Itwill enable merchants to connect their Google
online and mobile advertising directly to offline
purchases through Google Offers.
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18.  Google Wallet uses “near field communication”
to make secure payments.
 NFC is a set of standards for smartphone's to
establish radio communication with each other
by touching them together or bringing them into
close proximity.
 It requires pin and additional security.
 It stores encrypted user information on a
computer chip called “the secure element”.
 Android device can be locked with PIN.
 It requires additional pin to activate antenna of
NFCchip.
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19.  Itmust touch or be in close proximity to a
“MasterCard PayPass” reader.
 Once the transaction is completed, the
antenna is turned off. Additional transactions
require the PIN to be entered again.
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20.  Includes storing of data regarding payment
information, transaction details, payment attempts and
other information.
 Much of the data is stored but may not be shared
outside Google except under certain circumstances.
 The Privacy Policy also indicates that transaction
details are not "currently" stored by Google, implying
that users' transaction details will be stored at some
point.
 The storage of such personal information about users'
transactions is of significant financial value to a
company that earns much of its revenue from data, but
may be controversial to users aware of the policies.
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21.  Can be used only in Sprint Nexus S4G.
 Google Wallet is still accessible outside of
the application. Hackers could create a way
to intercept data by eavesdropping on
Google Analytics which monitors apps used
on the Android OS.
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