In an upcoming update to the Google Wallet app for Android, Google will let you send money to anyone in your contacts list with a valid phone number. The new feature was announced on Google's Commerce Blog, and for now is US-only, which we have since confirmed with Google. Read More
The Google Wallet app just received a version bump, bringing it up to v11.0-R234-v13. (Seriously, what is up with this version number?) Like some of the other updates this week, there aren't any big changes, but the changes that are there will tighten up some of the oversights and issues that were left in the wake of Google splitting Wallet into two separate apps. The new version has a handful of minor visual tweaks and bug fixes, but more importantly it adds support for multiple bank accounts and a new button to quickly lock the app for security.
Multiple Bank Accounts
The Wallet app has always supported multiple credit and debit cards, but it strangely limited users to just one single bank account. Read More
Google made announcement earlier today that Android Pay had arrived. But arrived where? Someplace, but now you can get it on your device right this moment. It will replace your old Wallet app and you need to have the latest version of Play Services, but this is the future of paying for things with your phone. Read More
Mobile payments are on the rise. Google has been working with companies for years, and with Apple Pay turning more consumers on to the idea, new opportunities to swipe your phone at a register or pay in advance are popping up left and right.
Now Google has partnered with ChowNow to bring Wallet to thousands of independent restaurants across the US. As of today, restaurants have updated their mobile apps to include Wallet as an additional option at checkout. Future businesses that work with ChowNow will offer integration from the beginning.
The move will hopefully serve as a win-win for everyone involved. Read More
Samsung presentations always include a litany of buzzwords and redundant features, some of which are meaningless or borrowed directly from Google and Android, while others point to bigger aspirations. Today's announcement for the Galaxy S6 and S6 Edge introduced a new feature called Samsung Pay, a direct competitor to Google Wallet and Apple Pay. Even though this is just one more product that attempts to have consumers replace their credit cards with a phone, it carries a distinct advantage over NFC-based alternatives: it also works with traditional credit card readers.
Samsung Pay offers two methods for communicating with payment terminals: Near Field Communication (NFC) and Magnetic Secure Transmission (MST). Read More
Google has had a fairly rough time convincing consumers to use Wallet for in-store purchases. However, with the recent acquisition of Softcard's "technology" alongside plans to preload Wallet on Android phones from most major US carriers, Google is putting its weight behind a renewed effort to be a major player at brick-and-mortar locations. Amidst rumors that Google still has something else to announce at I/O, Ars Technica received a tip that a brand new payment platform called Android Pay will be announced at the conference.
According to the source, Android Pay is specifically geared for mobile devices and allows 3rd-party apps to drive both virtual and real-world purchases through a single interface. Read More
After several weeks of rumors, Google has announced their partnership with Softcard. The purpose of this venture is to combine forces with Google Wallet, which has been around since 2011 but never enjoyed wide usage. With Apple Pay having recently entered the fray, Google apparently felt the time is now to get their service back on the map. Buying their competitor Softcard's technology, though, is just the beginning.
In addition to gaining Softcard's back end, Google Wallet will soon be preloaded on all phones sold by AT&T, T-Mobile, and Verizon in the United States. Read More
Wallet has to be pretty frustrating for Google. They beat Apple to the punch by quite a long time, but the iPhone 6 and 6 Plus basically introduced the lay public to mobile payments. How did this happen? Insert the tired cliches about Apple's control over hardware and software here. More interesting is what Google will do, considering how much they still have to gain by getting more adoption of their Apple Pay competitor.
A report by The Wall Street Journal indicates that Google is not going to stand pat while this burgeoning market passes them by. While it seems much is still in the air, Google is apparently planning several interesting things to remake Wallet, which they will re-introduce at this coming May's I/O conference. Read More