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
18 Oct
OMXC20
Data herunder er lavet på C20 Cap og C20 vægtet til at passe til C20 Cap i 2010 og 2011.   Siden den..
66
16 Oct
 
Jeg skriver lige det her indlæg fordi det er 5. gang som investor jeg oplever en af de her lidt stør..
56
16 Oct
 
Kære Alle   Jeg takker Jer alle for en god tid her, jeg erkender at have tabt, selvom jeg holdt mig ..
36
17 Oct
VWS
Normal 0 21 false false false DA X-NONE X-NONE ..
28
17 Oct
I:SP500
  Hvorfor aktiemarkedet ikke er blevet for dyrt   I mit indlæg vedr. aktie- og vækstkrise beskrev je..
21
16 Oct
I:SP500
  @bgadk – enig i, at en moderat inflationær politik der holder deflations-spøgelset nede, er præcis..
20
20 Oct
VELO
Match, så har jeg set lidt på mine handler og depoter.   Må begynde med at konkludere, at mit handel..
17
20 Oct
VELO
Tvivler på at du får ret. Aktieanalytikerne siger allerede før godkendelsen en KORTSIGTET kurs på 2..
17
16 Oct
OMXC20
Med reference til mit indlæg af 10.07.2014 emne nummer 280903   Dengang i juli var der uro på marked..
16
16 Oct
PNDORA
Til dem som ikke gider trykke over på en anden side: -----------------------------------------------..
14

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
An Atos customer, l'Assurance Retraite, wins the Silver SAP Quality Award France 2014, in the « Business Transformation » category
2
BIC : 9 months 2014 Results
3
Heineken Holding N.V. reports 2014 third quarter results
4
Publishing of Stockmann’s Interim Report for January–September 2014
5
American Insurance Association President & CEO, Leigh Ann Pusey, Named Among Top Association Lobbyists by The Hill
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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.
 
23 October 2014 00:51:46
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141015.1 - EUROWEB5 - 2014-10-23 01:51:46 - 2014-10-23 00:51:46 - 1000 - Website: OKAY