Gap Gets Tapping with Google Wallet and MasterCard

Gap Inc. (NYSE:GPS) is announcing that shoppers at more than 65 of our stores (including Gap, Old Navy, Banana Republic, Banana Republic Factory Stores and Gap Outlet) across the Bay Area can now use Google Wallet (NASDAQ:GOOG) to pay and save all with a single tap of your phone.

Google Wallet is an app that makes your smartphone your wallet. It securely stores virtual versions of your payment cards directly in your phone, along with coupons, and loyalty and gift cards. Google Wallet supports most Citi PayPass eligible MasterCard (NYSE:MA) credit cards and the Google Prepaid Card.

With Google Wallet you can not only pay for your new pair of Gap jeans, but also find and redeem promotions being offered in our stores while you shop. Starting today through the end of February, Gap will offer 15% off your entire purchase when you use Google Wallet to shop at our Bay Area stores. You can find this featured deal within the app’s “Offers” section. If you don’t have a phone that supports Google Wallet yet, you can still tap to pay with any MasterCard PayPass enabled card at the same locations.

Here’s how Google and Gap are trading now:

  • Gap Inc. (NYSE:GPS): The shares recently traded at $19.94, down $0.21, or 1.04%. Its market capitalization is $10.17 billion. They have traded in a 52-week range of $15.08 to $23.73. Volume today was 2,515,678 shares versus a 3-month average volume of 7,237,620 shares. The company’s trailing P/E is 10.87, while trailing earnings are $1.83 per share. The company pays a dividend of $0.45 per share for a dividend yield of 2.20%. About the company: The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $615.69, down $0.87, or 0.14%. Its market capitalization is $199.41 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,138,683 shares versus a 3-month average volume of 3,382,730 shares. The company’s trailing P/E is 20.99, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
  • Mastercard Incorporated (NYSE:MA): The shares recently traded at $365.43, down $5.9, or 1.59%. Its market capitalization is $46.38 billion. They have traded in a 52-week range of $215.00 to $373.55. Volume today was 394,448 shares versus a 3-month average volume of 1,386,220 shares. The company’s trailing P/E is 20.53, while trailing earnings are $17.80 per share. The company pays a dividend of $0.60 per share for a dividend yield of 0.20%. About the company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. Get the most recent company news and stock data here >>

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