04 August 2012 09:37

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

Google -Wallet -Payment -Demo

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.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
14 Apr
BAVA
Som det nok er mange bekendt, er kursen på Bavarians aktie faldet meget betydeligt, ca. 30%, over de..
31
19 Apr
 
Et opgør med Finanstilsynet er tvingende nødvendigt, hvis tilliden til markedet ikke skal lægges øde..
26
15 Apr
OMXC25
Virkelig intelligent indlæg. En masse om at markedet er på vej til nedtur, men sjovt nok ikke så meg..
24
18 Apr
 
LÆS NU FOR HELVEDE NOGEN AF DE 38000 indlæg som siger at børsen er nede!   Det er kraftstejleme da u..
21
19 Apr
BAVA
      Vedr. shortsqeeze mm. og den ekstreme kursmanipulation der dagligt foregår på Nasdaq Kbhvn. T..
19
14 Apr
OMXC25
Følgende er oplæg til debat, om aktiernes udviklign de kommende måneder ud fra handelskrig og naturl..
17
18 Apr
 
Det er en katastrofe ! Hvis det fortsætter ret meget længere er vi allesammen nødt til at gå ud og l..
16
17 Apr
LAUR
An aktie man aldrig skal eje. Ejerne trækker store summer ud, at en virksomhed der kæmper for overle..
14
19 Apr
 
Hej alle,   Jeg lavede et lille indlæg på Stolt-Nielsen for nylig hvor jeg desværre – og det beklage..
13
14 Apr
 
Ikke et ord om regimeskifte i Syrien. Dette var et klart defineret og afgrænset angreb på det syrisk..
13

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Global Destination Marketing Summit and World Culture & Tourism Forum commences successfully
2
Lubrizol Presents Estane® TPU and Other Innovations for Consumer, Industrial, Footwear and Electronics Applications at Chinaplas 2018
3
TBC Bank PLC : TBC Bank is Named "the Best Bank in Georgia" by EMEA Finance magazine
4
World Finance awards Domaine Bousquet for its pioneering efforts to make wine production more sustainable
5
NightFood (NGTF) Begins National Licensing of Half-Baked™ Marijuana Edibles Brand

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
21 April 2018 02:56:11
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20180417.1 - EUROWEB3 - 2018-04-21 03:56:11 - 2018-04-21 02:56:11 - 1000 - Website: OKAY