Many companies started leveraging the recently announced Google Wallet initiative. NXP Semiconductors announced its near field communication (NFC) technology enables the newly announced Google Wallet. Sprint said it is partnering with Google as the first carrier to launch Google Wallet.

 

 

NXP joins partners Google, Citibank, MasterCard, First Data, and Sprint, along with other market leaders, in New York to unveil Google Wallet, an open platform enabling mobile transactions.

 

 

 

 

With NXP’s secure contactless NFC solution, consumers can simply wave their phones over intelligent surfaces to pay for goods, apply a discount coupon, or receive loyalty points. Google Wallet allows consumers to replace a multitude of physical cards typically carried in wallets with a NFC enabled phone delivering convenience, personal interactivity and security for many different types of transactions.

 

 

 

 

NXP provides the complete embedded, secure NFC solution for Google Wallet and was instrumental in building this new application with Google. The NXP PN65 NFC mobile transaction solution incorporates the NFC radio controller, the embedded secure element and NFC software in a single device.

 

 

 

 

The embedded secure element enables the payment part of Google Wallet, and uses advanced cryptography to offer a high level of security for mobile transactions. NXP’s security technology has seen extensive global deployment with over 1 billion units of secure elements shipped to support mobile payment and bank cards, access management schemes, mass transit infrastructures, device authentication and eGovernment solutions such as ePassports, driver licenses, national ID and health cards.

 

 

 

 

This latest move by Google is truly unleashing the full potential of NFC,” said Ruediger Stroh, executive vice president and general manager, Identification Business, NXP Semiconductors. NXP’s NFC technology essentially converts smart phones into loyalty cards, single-tap location ‘check in’ devices, concert tickets, coupon carriers, contactless payment devices, transit tickets, and secure keys to access cars, hotel rooms, buildings, and computers — the possibilities are endless.”

 

 

 

 

Our technology greatly enhances the mobile user experience from the secure NFC solutions embedded in smartphones and POS terminals, to the NFC tags embedded in smart posters. Our leadership in NFC is supported by our deep understanding of the market, our broad portfolio of patents; and our security, performance and best-in-class transaction times,” Stroh added.

 

 

 

 

When Google Wallet is available this summer, eligible Sprint customers will be able to tap, pay and save money and time while they shop. Sprint will be the first carrier and Nexus S 4G will be the first phone to deliver this innovative service.

 

 

 

 

We are pleased to join Google in offering this cutting-edge capability that lets you leave the house with just your phone, and tap and pay to shop, dine out and go to the movies,” said Fared Adib, senior vice president of Product for Sprint. We are proud that Nexus S 4G is the first smartphone with Google Wallet and pleased that our customers can be the first to experience the service.”

 

 

 

 

Google Wallet is expected to work initially with the fast growing MasterCardPayPass network accepted at 124,000 merchants nationally. Existing Citi MasterCard holders can add their cards to Google Wallet over the air. Google also will support a pre-paid card that can be funded to make payments. In addition to quick payments, users also will be able to redeem offers and even scan loyalty cards – all with a single tap – with participating retailers (with no additional fees added).

 

 

 

 

Google Wallet is not available now, but more details about how to get it and how to use it can be found at Google Wallet.com.

 

 

 

Sprint has a strong history of partnering with Google to support an open philosophy that integrates the products and services that consumers value and enjoy into the mobile experience. Sprint is a charter member of the Open Handset Alliance and launched the first 4G Android smartphone. In April, Sprint launched the Nexus S 4G and launched Google Voice integrated with Sprint for Sprint CDMA phones.

 

 

 

 

In keeping with its open approach, Sprint is actively working with others in the mobile payment ecosystem. Sprint believes in enabling the existing framework and solutions – in this case, banking institutions or existing financial instruments – to bring familiar services to consumers without creating a new solution for their mobile lives. Sprint sees this as enabling choices for customers that best meet their needs, not the needs of the carrier. Sprint will continue to bring practical, easy-to-use mobile payment solutions to customers on Sprint devices.

 

 

 

 

By TelecomLead.com Team
[email protected]