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
27 Jun
I:DAX
Borisz, jeg kan godt forstå, hvis du beder til de højere magter for, at din uhæmmede spekulation i, ..
22
27 Jun
 
For 12 dage siden skrev jeg på Euroinvestor:    "Mit mest sandsynlige scenarie i et stykke tid har v..
20
01 Jul
OMXC20
Der har været en del kritik og undren over mine indlæg - især om Jobindex. Her er forklaringen på, h..
19
08:04
OMXC20
  Der har på det seneste været noget debat om DCF-analyser og andre måder at forsøge at finde en fai..
18
26 Jun
OMXC20
Flygtningestrømmene fra Mellemøsten og Nordafrika til Europa er en væsentlig del af Islamisk Stats s..
18
02 Jul
CBRAIN
Til alle de, der er blevet støt over at jeg ændrede syn på cBrain for et lille års tid siden er her ..
16
01 Jul
OMXC20
Nej, børns loyalitet over for deres forældre svigter aldrig. Men hvis du har tjent lidt penge, så an..
13
30 Jun
EXQ
Exiqon har idag lanceret deres Cloud Platform XploreRNA som kan ses via følgende link:   https://xpl..
13
26 Jun
 
EI kunne være så godt. EI er Danmarks mest aktive aktieforum og indeholder et væld af spændende pers..
13
28 Jun
I:DAX
Ja hele Boriz show med Bear og Bull x18 er helt vanvittigt, men jeg orker ikke at kommentere mere på..
12

Form 8.3 - Royal Dutch Shell plc

02/07/2015 15:28:06
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - BG Group

02/07/2015 13:02:56
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 38.5 (EPT/RI) - Aer Lingus Group plc

02/07/2015 08:26:03
Ap24 FORM 38.5(a) IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(a) OF THE IRISH TAKEOVER PANEL ACT, ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
DBV Technologies announces the filing of a registration statement on Form F-1 in view of an offering of new shares in the form of American Depositary Shares, and the filing of its Reference Document
2
SOLUTIONS 30 : Linky smart meter contract win
3
UNIBAIL-RODAMCO SE : adjustment to the rights of holders of ORNANE 2012 and ORNANE 2014 as of July 6, 2015
4
ALBIOMA : 2014 dividend: results of the option for the payment in the form of new shares
5
Knoll, Inc. to Announce 2015 Second Quarter Results

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   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.
 
03 July 2015 08:53:44
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150702.1 - EUROWEB2 - 2015-07-03 09:53:44 - 2015-07-03 08:53:44 - 1000 - Website: OKAY