Category Archives: Google Wallet/NFC Payments
How a Transaction Works Using Google Wallet
Google Wallet is quickly gaining momentum in the mobile payments world. Large retailers, like Jamba Juice, have already implemented Google Wallet at their point of sale terminals. Smaller retailers are intrigued and asking questions like, “How does a Google Wallet Transaction Work?”
First, let’s start with what is needed from the merchant and customer for a Google Wallet transaction to be successful
- To accept Google Wallet transactions, the merchant must have a contactless reader (such as MasterCard Pay Pass), or a terminal that is ISO 1443 or 18092 compliant. Look for the universal contactless symbol.
- Customers need Android phones with a NFC (near field communication) chip, and run Android version 2.4 (Gingerbread) or higher.
- Currently, Google Wallet supports Citibank MasterCard or a pre-paid Google card. No other cards are supported at this time.
- Ring up the customer’s transaction. The terminals “credit” button may have to be pushed.
- Have the customer wave their mobile device over the reader. There should be a distance of about an inch between mobile device and reader.
- Reader will light up and beep as card is read. The cash register will show transaction being processed, just as if a physical card was being used.
- If the system is set up to print a receipt, a receipt is printed if the transaction was processed successfully (just as if a physical card was used).
What do I Need to Accept Google Wallet Payments?
Google wallet is the kick-off of mobile phone payments, with more NFC (near-field communication) compatible phones coming to market soon. Most of our merchants are extremely excited about Google wallets potential in attracting new customers and revenue.
Google wallet appeals to the young customer who use their cell phone for everything, and customers who enjoy utilizing new technology. No more wallet! All they need is their phone to make purchases!
Here is what you need to start accepting Google wallet payments.
FD 30 Contactless reader and Google Wallet platform.
Or
FD 20 Contactless reader and Google Wallet platform.
It is that easy! To get started accepting Google wallet visit www.paymentmax.com.
Google Wallet Pricing, Equipment and Security Questions
The newly released Nexus S 4G (available through Sprint) is the first phone to be compatible with Google Wallet, a mobile payment application that allows users to make purchases with their NFC (near field communication) embedded phones.
Now that the Nexus S 4G is readily available, we have received tons of questions about Google Wallet, pricing, equipment, and security. Here are a few of the most popular questions and answers.
1. How much does Google Wallet cost? Google wallet is free. Merchants accepting payment via Google Wallet will not incur any extra fees. Google Wallet payments are considered card present transactions.
2. What equipment do I need? A contactless terminal. Terminals that are ISO 144403 and 18092 standard and carry the universal contactless symbol are compatible.
3. Is Google Wallet secure? Yes. Google Wallet utilizes a chip called the secure element for security. The secure element is isolated from the phone’s operating system and hardware. Only authorized programs like Google Wallet can access the secure element to initiate payment. Google Wallet is also PIN based. Payment initiation can not begin until the Google Wallet PIN number is entered.
For more information on Google Wallet, or to get started visit www.paymentmax.com
Accept and Provide Payments with the Nexus S 4G
Nexus S 4G Credit Card Processing
Nexus S 4G users so far…are the only smartphone users who can accept credit cards and provide payments using Google Wallet. Double-duty from the latest and greatest Gingerbread Android smartphone. Here is a closer look at the benefits of the Nexus S 4G in the mobile payments world.
Accept all Major Credit and Debit Cards Mobile merchants using the Nexus S 4G can easily accept all major credit and debit cards from any location with a PaymentMax merchant account and AprivaPay. Say goodbye to lost sales because of a cash less customer, or the risk involved in accepting checks in a mobile environment. Smartphone credit card processing increases sales by increasing impulse buying, and appealing to those customers who do not carry cash.
AprivaPay also offers an optional mobile credit card reader/swiper peripheral for those merchants desiring low swiped rates, fewer inputting errors, and a reduced risk of a chargeback.
Google Wallet Payments Nexus S 4G users can make payments for goods and services using Google Wallet. Simply put, Google wallet is a virtual wallet. The downloaded app allows users to store virtual versions of their plastic payment cards. Payment is made by a tap of their phone against a NFC (near field communication) embedded terminal. Viola’ payment is made. Nexus S 4G is the only smartphone compatible with Google Wallet to date.
To get started accepting credit cards on the Nexus S 4G or other smartphone visit www.paymentmax.com
Nexus S 4G to be First Smartphone Compatible with Google Wallet
Sprint, Google, Citi, MasterCard, and First Data have teamed up to bring mobile commerce to a whole new level in the U.S.. They have developed a NFC (near field communication) wallet app named Google Wallet. This mobile payment app allows users to make payments for goods and services with a mere tap of their phone.
The first smartphone to be compatible with Google Wallet is Sprint’s Nexus S 4G. The Nexus S 4g will come equipped with NFC technology which allows users to exchange data with other NFC devices, and read information from smart tags embedded in posters, stickers, and other products.
Merchants will accept phone (NFC) payments with a pay-pass enabled terminal at checkout. The customer will simply tap their phone within a few inches of the enabled terminal and payment is received. Customers will also be able to use loyalty points, rewards, deals, and other promotions with a phone tap.
According to First Data, there are 124,000 pay pass enabled merchants nationally and 311,000 globally.
For more information on mobile payments and pay pass equipment visit www.paymentmax.com.
