26 September 2016

Google Wallet moves to the cloud to support all credit and debit cards

02 August 2012  |  17227 views  |  0 google wallet

Google is bidding to breathe new life into its stuttering mobile wallet platform by launching a cloud-based version of the app that can be linked to Visa, American Express and Discover cards.

Launched a little over a year ago, Google Wallet was hyped as the service that would jump-start the NFC mobile payments revolution but takeup has been sluggish.

Although security concerns have played a part, the main reason for the tepid welcome has been the search giant's inability to move beyond its initial launch partners of MasterCard, Citi and Sprint.

This is now being addressed with a new, cloud-based version of the Google Wallet app that supports all credit and debit cards from Visa, MasterCard, American Express, and Discover.

The app stores card details on Google's servers rather than on the handset, with a wallet ID - a virtual MasterCard - on the phone's secure storage area used to enable transactions at the point of sale.

The firm says that this new approach speeds up the integration process for banks so they can add their cards to the Wallet app in just a few weeks. By using the cloud, it has also been able to add a new security feature that lets users remotely disable their mobile wallet on a lost phone.



The wallet can be used to make purchases in the Google Play store, online using Google Checkout and in instore at more than 200,000 locations.

However, despite widening the service out beyond MasterCard, the wallet still only works with six handsets from Sprint and Virgin Mobile as well as the Nexus 7 tablet.

This could prove a major disadvantage when the telco-owned Isis consortium launches its mobile NFC wallet - with all the card firms on board - later this year.
KeywordsCLOUDEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Google working with banks to test new Wallet APIs; UK launch rumoured

Google working with banks to test new Wallet APIs; UK launch rumoured

03 July 2012  |  16691 views  |  1 comments
Google wallet anniversary falls flat as new software problems emerge

Google wallet anniversary falls flat as new software problems emerge

30 May 2012  |  10051 views  |  0 comments
Amex adds cards to Isis mobile wallet

Amex adds cards to Isis mobile wallet

10 May 2012  |  12246 views  |  0 comments
Google Wallet suffers further setbacks as key execs jump ship

Google Wallet suffers further setbacks as key execs jump ship

20 March 2012  |  12022 views  |  2 comments
Isis signs Chase, Capital One and Barclaycard to mobile wallet

Isis signs Chase, Capital One and Barclaycard to mobile wallet

27 February 2012  |  16959 views  |  0 comments
Google disables pre-paid card provisioning following Wallet security scares

Google disables pre-paid card provisioning following Wallet security scares

13 February 2012  |  9980 views  |  0 comments
Google Wallet PIN vulnerability exposed

Google Wallet PIN vulnerability exposed

09 February 2012  |  12159 views  |  0 comments
Google payments exec Gupta quits

Google payments exec Gupta quits

27 January 2012  |  7672 views  |  0 comments
Google Wallet stores unencrypted data - viaForensics

Google Wallet stores unencrypted data - viaForensics

13 December 2011  |  10234 views  |  0 comments
Google Wallet coming to UK ahead of Olympics - report

Google Wallet coming to UK ahead of Olympics - report

12 December 2011  |  13112 views  |  0 comments | 1 tweets
Google Wallet gets SingleTap for coupon redemption

Google Wallet gets SingleTap for coupon redemption

18 October 2011  |  10153 views  |  0 comments
Citi rounds on Isis, urges other banks to join Google Wallet

Citi rounds on Isis, urges other banks to join Google Wallet

12 October 2011  |  18084 views  |  5 comments
Google launches mobile wallet

Google launches mobile wallet

19 September 2011  |  16962 views  |  1 comments
Google takes the wraps off mobile wallet

Google takes the wraps off mobile wallet

26 May 2011  |  15498 views  |  1 comments
Google partners Citi and MasterCard on NFC m-payments - WSJ

Google partners Citi and MasterCard on NFC m-payments - WSJ

28 March 2011  |  12118 views  |  0 comments

Related company news

 
Visit www.abe-eba.euVisit equens.comFind out more

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
11997 views comments | 48 tweets | 33 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8375 views comments | 16 tweets | 25 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
7135 views comments | 31 tweets | 14 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
7080 views comments | 12 tweets | 5 linkedin
BNP Paribas extends crowdfunding blockchain programmeBNP Paribas extends crowdfunding blockchai...
6918 views comments | 15 tweets | 15 linkedin

Featured job

Find your next job