Coffee chain Peet’s Coffee & Tea is allowing consumers to pay thru Google Wallet and MasterCard Pay pass.
The company claims that all locations will be equipped for mobile payments by the end of October.
Eighteen stores in San Francisco and San Jose, CA already have the mobile payment readers.
With the new technology, consumers can pay for items by tapping their mobile devices via the Google Wallet app or on Paypass-enabled registers.
It also signals a direct competition with coffee giant Starbucks. Recently, Starbucks rolled out a commerce-enabled application that lets consumers buy items on their mobile devices
New Jersey Transit, the third-largest U.S. transit system with more than 895,000 weekday trips on bus and rail in New Jersey, New York and Philadelphia has began letting some commuters pay for fares using smartphone sensors set up by Google Inc. at locations including New York’s Penn Station.
The public-transit system is the first to partner with the company on its Google Wallet “tap-and-pay” system, which gives businesses access to credit-card information when a customer waves their phone over a sensor to make a purchase.
This Service is now available only on Sprint Nexus 4G and soon will expand to other Andriod phones.
Subway, the largest restaurant chain in the United States to accept contactless payments.The new tap and go payment readers will be implemented at more than 7,000 United States locations by the end of 2012.
Subway consumers can tap their PayPass-enabled MasterCard card, phone or device on a PayPass-accepting reader at check-out.
According to MasterCard, PayPass does not require customers to sign receipts for purchases under $50.
Mastercard is a global payments and technology company, It operates the world’s fastest payments processing network.
OfficeMax is letting in-store customers pay via Google Wallet to deliver a faster, personalized in-store shopping experience.
OfficeMax is the latest retail chain to join the growing list of merchants who are accepting Google Wallet NFC payments. OfficeMax are also utilizing Google Wallet along with their MaxPerks Rewards loyalty program that will enable customers to pay, redeem coupons and reap the benefits of OfficeMax’s MaxPerks. The Google Wallet NFC payments are currently limited to greater New York, Chicago, Los Angeles, San Francisco and Washington D.C. markets.
The Google Wallet app is available on the Sprint Nexus 4G phones. It stores virtual versions of a customer’s payment and rewards credentials and uses near field communication technology to make payments by tapping the phone on the MasterCard terminals.
Google officially rolled out its Google Wallet mobile paymnet system on last monday. Google wallet is now available only on Sprint nexus 4G, It works with Citi-Mastercards and Google Prepaid Card.
How it Works:
Tying into the near field communication (NFC) system built into select Android handsets, Google Wallet allows your phone to act as your credit card. By tapping your Android phone against a compatible card reader available in select retailers, your payment credentials are transferred to the merchant without any swiping.
Google Wallet requires you to set up a Google Wallet PIN that must be entered before making a purchase. This PIN prevents unauthorized access and payments via Google Wallet. Android phones also feature a separate lock screen.
If your phone is stolen, Google Wallet PIN and Secure Element protect your payment card information which prevents
others making a purchase with your phone.
Google Offers are deals on products and services at local or online businesses. Whenever you buy or save a Google Offer, it automatically syncs to your Google Wallet so your offers are always with you.
Near field communication, or NFC, allows for simplified transactions, data exchange, and wireless connections between two devices in close proximity to each other. Co-invented by NXP Semiconductors and Sony in 2002, NFC technology is being added to a growing number of mobile handsets to enable mobile payments.
The Near Field Communication Forum (NFC Forum) formed in 2004 promotes sharing, pairing, and transactions between NFC devices and develops and certifies device compliance with NFC standards.
NFC devices can read NFC tags to get more information or an audio or video presentation. NFC can share a contact, photo, song, application, or video.
Uses of NFC:
It is used in Social Networking to instantly share a contact, photo, video or a url.
It expands eCommerce opportunities increases transaction speed and accuracy which in turn increases productivity.
An NFC device may make a payment like a credit card by touching a payment terminal at checkout or a vending machine when a PIN is entered.
Tap an NFC device to purchase rail, metro, airline, movie, concert, or event tickets.