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
08 Feb
OMXC20
      På en dag som i dag med kursfald på +5% er det ekstra vigtigt at tænke og handle rationelt. He..
53
12 Feb
OMXC20
  Jeg har over de seneste 12-18 måneder skrevet en række insights om, hvordan man bliver en bedre in..
40
13 Feb
OMXC20
  Her kommer sidste bidrag i den række af Insight jeg har postet for at hjælpe unge og ambitiøse inv..
23
10 Feb
FING-B
lhome .... (16.08) .....   Du skal være klar over at du har gang i at overveje een af de mest volati..
22
09 Feb
OMXC20CAP
Det er egentlig ganske morsomt. Men et menneskeligt træk, især blandt handyr af racen, er ofte, at m..
19
13 Feb
EXQ
Dette er en kommentar til indlægget hos Mesell den 9 februar.   Du siger at Exiqon´s regnskab kun gi..
18
11 Feb
ABIRUS
Den største trussel mod europa er europas egne elendige politikere. De mangler mod, visioner og miss..
18
13 Feb
SUNE
Onsdag kl 14:00 lokal tid starter Chancellor Bouchard  sagen CA#11898-CB, som drejer sig Terraform P..
17
09 Feb
OMXC20
skal man  ikke sælge - men vælge det rigtige tidspunkt at købe - om det er i dag, er svært at foruds..
15
07 Feb
ZEAL
Jeg har set lidt på de patent sagerne som køre mellem AstraZeneca, Sanofi og TEVA omkring GLP-1'er. ..
15

Form 8.3 - Royal Dutch Shell Plc

12/02/2016 15:29:16
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Royal Dutch Shell PLC

12/02/2016 12:46:09
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Sainsbury (J) plc

12/02/2016 09:43:37
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Scientific journal's publication of white paper on the use of NGAL marks important milestone for BioPorto

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
14 February 2016 12:35:30
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160212.1 - EUROWEB5 - 2016-02-14 13:35:30 - 2016-02-14 12:35:30 - 1000 - Website: OKAY