Google has signed a deal that will lead to the distribution of their Google Wallet app pre-installed on devices sold by by Verizon, T-Mobile and AT&T starting later this year. As part of the deal, Google is also buying some technology from Softcard, a mobile payment solution that had been developed by those same carriers.
According to Softcard, the app will continue to work for users that want to make mobile payments – for now. However, this could change as Google starts to rollout their solution on carrier devices. Since Soundcard is selling some of their intellectual property related to the app to Google, it seem unlikely future development will continue. Reports indicate there are no Softcard employees joining Google as part of the agreement, which could be bad news on the horizon for Softcard employees.
According to a new report, Google will unveil a revamped version of Wallet and show it off at the I/O event in May this year.
A new report from The Information indicates Google has started testing a new mobile payment solution called “Plaso”. The system apparently relies on a voice-activated method for security that involves users saying their initials when they are at the cash register. This trigger helps the hardware at the cash register identify and connect to the correct smartphone to accept payment. Since they were mentioned specifically, it appears Google may have been testing the new system with Papa John’s and Panera Bread as they look for ways to take mobile payments in a new direction.
The need for a change from the current methods that involve tapping phones on terminals seems to have been triggered by Apple’s entry into the mobile payment space with their Apply Pay platform last year. That new entry has put pressure on the Google Wallet solution which had been Google’s standard bearer for payments made from Android phones. To try to not only encourage further adoption of mobile payment systems, but distinguish Android based solutions from their competitors, it looks like Google is searching for ways to make the payments even easier.
source: The Information
Paying for merchandise using your smartphone via Near Field Communication (NFC) is all the buzz these days since Apple Pay was launched. A lot of people in the media gloss over the fact that Google’s Wallet app on Android has given us this capability for quite a while now, though. Despite this oversight in media coverage, one beneficial thing does come out of it: the momentum generated by Apple Pay should help Google with retailers that were initially hesitant in supporting mobile-based payments.
Apple Pay and Google Wallet aren’t the only products on the field, however. One company that is also offering the same NFC payment services is Softcard, formerly branded as Isis Mobile Wallet. (The name change was due to the company not wanting to be even remotely associated with the militant terror organization named ISIS.) Similar to Google Wallet, Softcard has been struggling to make headway in the payment sector, but unlike Wallet, Softcard has lacked the financial backing needed to keep it afloat while it waits for retailers to catch up.
Google, who has not really put a lot of work into making Wallet a bigger game-changer, is rumored to be eyeing Softcard for acquisition in an attempt to bolster Wallet’s weak offering to Android consumers. Softcard does have a few perks in its portfolio, which Google may find appetizing.
Google has just launched a new promotion for all Wallet users in the US. The search engine giant is offering to give both you and a friend $5 each in your Wallet Balance when you introduce your pal to the service. All you have to do is send a sum of money, which could be as little as “a penny,” to a buddy who doesn’t have a Google Wallet Balance yet, then when they claim the funds, you’ll each receive $5 free credit within 3 working days.
Hit the break for the full list of terms and conditions.
Isis Wallet announced back in July that it would be rebranding in order to avoid association with the violent Islamic militant group of the same name. Needless to say, associating a company with terrorists can be bad for business. Today, Michael Abbot, CEO announced that the new name for the company: Softcard.
If you own Google’s Glass device, sending money without even pulling out your smartphone may be coming your way via Google Wallet very soon. Through sources that work closely with Google, Google Wallet integration within Glass is in the works and they are already well into the testing phase. The service is already on certain Google employees, and after a few more months of testing, we could see it roll out to the masses No clear timetable has been given on its impending widespread release so stay tuned for further news!
Would this be a feature you would like to have on Glass?
Google gave a presentation at the recent Electronic Transaction Association’s trade show in Las Vegas. While they acknowledged that consumers have been slow to embrace the mobile payment service Google Wallet, they also said that they plan to stick with it.
Ariel Bardin, the chief of Google Wallet gave the presentation, and mentioned that when Google Wallet was launched it relied on NFC technology and only one carrier – Sprint – to push it. This limited the reach that the service had, and after a year it only supported one credit card and bank combination.
Google has announced a new feature for their Google Wallet app, the ability to scan a loyalty card with your device’s camera in order to add it to the wallet. According to Google, once you grab a pic of the card with your smartphone or tablet, the app will auto-populate the appropriate data fields. Currently the app will let you scan the barcode to add that to your wallet, but does not add the rest of the information like the merchant name or type of program. Google also indicated in their posting on their Google+ page that the program will now alert you via a notification if you are close to any merchants you have stored. Google says the update will be rolling out over the next few days and includes support for Android 4.0 or higher.
source: +Google Wallet
Google has really been ratcheting up their Google Wallet app the last few weeks. The release of Android 4.4 saw the ability for Google Wallet to be used for on any device regardless of the carrier, which was a major hurdle for Google to get past on the way to greater adoption. Earlier this week we saw Google release a physical card connected to a user’s Wallet account so they can make payments anywhere a debit card could be used. Google has now released an update to the Android app that adds the ability to add a credit or debit card to the account just by taking a picture with the device’s camera. Google claims the number and expiration date will be captured automatically. Hit the break for download links.