GOOGLE WALLET PURCHASE DEMO

WHY ARE MERCHANTS EXCITED ABOUT GOOGLE WALLET

Heres a video testimonials from Google Wallet partners: Macy’s, Subway, Walgreens, American Eagle Outfitters and The Container Store.

Google Wallet vending on Nexus S hands-on

We just got done watching the unveil of how Google is going to revolutionize the way you pay for denim shorts at the mall, and we just got to try it in a slightly different way -- buying a Coke out of a vending machine. The process is as easy as can be: just select your beverage and, when you're ready to pay, swipe your phone. In a few seconds out pops your frosty beverage and somewhere Santa Claus laughs merrily. It's retail bliss and a lot easier than fishing filthy coins out of your skinny jeans.

Google Wallet mobile payment service, Google Offers announced

It may not be as big a surprise as Google hoped it would be at this point, but the company has now officially announced its NFC-based Google Wallet mobile payment service, complete with backing from a number of retail and financial partners including Subway, Macy's, Walgreens, Toys 'R Us, First Data, Citibank and MasterCard -- plus Sprint on the carrier side. In the case of MasterCard, that partnership means Google Wallet will be fully compatible with the PayPass contactless payment system that's already widely in place today. Trials are beginning immediately in New York and San Francisco, with a full release planned for this summer. Initially, the Sprint Nexus S 4G will be the only compatible phone, but support for more phones is promised "over time," and Google even suggested that phones without built-in NFC could simply use an NFC sticker (the Google Wallet app itself will work on non-NFC phones as well). You'll also have to use either a Citi MasterCard or Google Prepaid Card with the service, although the latter can obviously be funded from any other card.More after the break...