Google has released a new, cloud-based version of the Google Wallet app that supports all credit and debit cards from Visa, MasterCard, American Express, and Discover. Now, users can choose to pa with any of those card brands when shopping in-store or online with Google Wallet.
The new version also allows users to remotely disable their mobile wallet apps. If a Google wallet user loses a phone, they can use the ‘Devices’ section in the online wallet to disable all cards used with the wallet.
When a user disables their wallet on a device, Google Wallet will not authorize any transactions attempted with that device. If the Google Wallet online service can establish a connection to your device, it will remotely reset your mobile wallet, clearing it of card and transaction data.
The Google Wallet app now stores user payment cards on highly secure Google servers, instead of in the secure storage area on your phone. A wallet ID (virtual card number) is stored in the secure storage area of the phone, and this is used to facilitate transactions at the point of sale.
This new approach also speeds up the integration process for banks so they can add their cards to the Wallet app in just a few weeks. Banks that want to help their customers save cards to Google Wallet, including their custom card art, can apply here.
The new Google Wallet app is available now on Google Play.
Wednesday, August 1, 2012
New Cloud-Based Google Wallet App Released
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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