At an event in New York City today, Google, along with Citi, MasterCard, First Data and Sprint unveiled Google Wallet, an app that will make your smartphone your wallet. Using the Google Wallet app, you'll be able to store your credit cards, offers, loyalty cards and gift cards – all on your phone. When you tap to make a payment, your phone will also automatically redeem offers and earn loyalty points. Google says that eventually boarding passes, tickets, ID and keys could be stored in Google Wallet.
At launch, Google Wallet will support both Citi MasterCard (via MasterCard's paypass network) and a Google Prepaid Card. Google Wallet will also sync your Google Offers, (Google's "deal of the day" special, sent via email) which you'll be able to redeem via NFC at participating SingleTap™ merchants, or by showing the barcode as you check out.
When Wallet officially launches this summer, you'll be able to use it at Walgreens, Subway, CVS, Macy's, American Eagle and many additional retailers. Google Wallet will be compatible with Sprint's Nexus S 4G by Google, expanding support to additional phones in the future.
Learn more about Google Wallet at www.google.com/wallet.
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