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Transcript of wallet
It is a virtual wallet that securely stores your credit and debit cards. You can tap your phone to pay in-store contactless payments and pay online by signing into your Google Wallet account. Does it cost? NO!! It’s available in US. The Google Wallet mobile app uses Near Field Communication (NFC), a secure, wireless connection to transmit payment details to the merchant. How does the Google Wallet mobile app transmit payment details? Google Wallet stores encrypted user information on a chip called the Secure Element. The Google Wallet device must touch or be in close proximity to a MasterCard PayPass reader. The Google Wallet app requires an additional PIN to activate the antenna of NFC chip. Once the transaction is completed, the antenna is turned off. Additional transactions require the PIN to be entered again. Advantages and Disadvantages Advantages of Google Wallet
•Faster to pay for things.
•Eliminates the need for some to carry around a wallet.
•Easy to use.
•free. Disadvantages of Google Wallet
•Having virtual money source may encourage people to spend more than they have.
•One would have to take his or her phone out more often to pay for things.
•People are more likely to glance over and steal your pin number.
•It’s not usable at every single store. Privacy & Security The Android device itself can be locked with a (PIN) Personal identification number.