toggle

AAPL Stock: 122.19 ( -0.8 )

Printed from http://www.macnn.com

Google Wallet opens to all major credit, debit cards

updated 04:45 pm EDT, Wed August 1, 2012

NFC payment system moves to cloud-based storage

Google Wallet has received some major updates today. The mobile payments platform has opened up to accept all credit and debit cards from American Express, Discover, MasterCard, and Visa, with financial data stored in the cloud instead of on the handset itself. Twenty five national US retailers have partnered with Google for the service, and through a partnership with MasterCard PayPass, mobile payments can be performed at over 200,000 retail locations across the country.

At present, the service is limited to a small number of handsets due to the need for NFC. Currently the Google Nexus 7 tablet, Samsung Galaxy S III, Samsung Galaxy Nexus, LG Viper, LG Optimus, and the HTC EVO 4G are all able to download and use the app (Google Play). An extra security layer has also been added to the app, allowing users to disable Google Wallet from a handset remotely, in the event of the phone being lost or stolen. Banks not currently included in the Google Wallet system can apply to be added at no cost, with the entire integration process taking a few weeks.

There has been a push in recent times towards mobile payments from various parties. Paypal acquired photo-based app firm Card.io, MasterCard and Deutsche Telekom planned to enable smartphone payments in Germany and Poland in the next few months, and retailers such as Starbucks have created their own apps for in-store payments. [via Google Commerce]





by MacNN Staff

toggle

Comments

  1. viktorob

    Fresh-Faced Recruit

    Joined: 05-09-11

    "Google Wallet opens to all major credit, debit cards"... and hackers....
    I really don't see how people can put their trust in such a platform after all those malwares and hacks...
    http://gizmodo.com/5883913/google-wallet-has-been-hacked-again-now-you-should-panic

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented