Even though Apple was not the first handset maker to come out with a wireless payments product for mobile devices, the company’s Apple Pay service — available only on the iPhone 6 and iPhone 6 Plus at the moment — became widely used in the U.S. surpassing existing NFC payment products that were already available on other platforms, including Android. Ars Technica has learned that Google is ready to respond to Apple Pay with a new product of its own that will apparently not replace Google Wallet, a service that’s hasn’t really taken off.
One of the main features of the iPhone, especially when it comes to the iPhone 6 and iPhone 6 Plus that can be used for mobile payments in stores, is the Touch ID fingerprint sensor embedded in the Home button, which adds an extra layer of security to Apple’s Apple Pay payments app, but also to other applications.
In iOS 8, Apple has opened Touch ID to third-party developers, with Google apparently being one of the companies looking to take advantage of the feature. The company has updated the iOS version of its Google Wallet payments app, adding Touch ID login support, 9to5Google reports. More →
Google Wallet has been available to Android users for years, although it’s never really caught on in the way that Google hoped. Apple Pay has only been available less than a month but is already the most popular mobile payments platform around. Are there any major differences between these two platforms that explain why Apple Pay has surged in the early going while Google Wallet is lagging behind despite beating Apple Pay to market years earlier? Engadget’s Nicole Lee spent a week using both platforms and reported her findings in a very thorough breakdown of each. More →
It looks like Walmart, CVS and other merchants have stepped into a major hornets’ nest. In the wake of news that several major retailers are turning off NFC payment sensors in their stores because they want to promote their own rival CurrentC payment platform, iPhone fans and Android fans have shown a rare willingness to cooperate to fight a common foe. More →
Google planned to revolutionize the way we make payments with its mobile wallet service. Google Wallet has failed to find mainstream success, however, and has been downloaded from the Play store fewer than 10 million times since first launching in September 2011. According to a report from Bloomberg Businessweek, Google has invested more than $300 million to help develop the app and service, which remains a niche product that is actually losing money; Osama Bedier, the former head of Google Wallet, revealed that Google loses money on every transaction due to the high fees the company is forced to pay to credit card companies. All of the blame cannot be put on Google, though. Wallet has been blacklisted at Verizon, AT&T and T-Mobile, each of which have backed rival payment solution ISIS. Without support from the carriers, Google might never be able to turn Wallet around and its fate may already be decided.
A new report suggests that Google will unveil an update to its forgotten Wallet service later this month. According to AllThingsD, Google was originally planning to introduce a physical credit card at its annual I/O developers event, however it has since decided against it. The company will now reportedly announce new rewards, offers and loyalty points for Wallet users available from a wider selection of merchants to help the service better compete with Apple’s Passbook. Google’s vision of creating a mobile wallet has been hampered by carriers, which have favored an alternative mobile payment system known as ISIS. The lack of NFC-equipped devices and the limited number of compatible merchant sales terminals have also hurt Google’s efforts. A physical card would have allowed Google to bring its Wallet service to the masses, however CEO Larry Page was said to be displeased with a recent demo and decided to scrap the project.
Launched in May 2011, Google Wallet was supposed to revolutionize shopping and replace cash and credit cards with NFC-enabled smartphones. While the idea was and still is ambitious, Google (GOOG) Wallet has been hampered by the reluctance of retailers and small businesses to upgrade their point-of-sale systems to support NFC. Last week, Android Police published what were alleged screenshots of Google’s plans for a “Google Wallet card” (GWC). Unlike the Google Wallet app for Android smartphones, the GWC doesn’t have any kind of NFC tech in it. It reportedly works just like the Google Wallet app and stores all of your credit cards in it, only you swipe it at checkout. More →
Google (GOOG) on Monday announced that it will discontinue its prepaid card option on its Google Wallet platform in October. The Internet giant revealed that because users can now add any credit or debit card to the service, its prepaid cards are no longer necessary. Users will be unable to activate or add funds to an existing card starting on September 17th and all cards will be discontinued a month later on October 17th. The Mountain View-based company will allow users to request a refund if there are remaining funds on the card after it is discontinued. More →
Google (GOOG) may not want people to think that it’s copying Apple (AAPL) in the wake of the Apple v. Samsung (005930) patent trial verdict, but it does seem that the company is taking a page from Apple’s playbook with some of its planned updates for Google Wallet. MobileBurn reports that Google Wallet product manager Robin Dua says that the company wants to update its Wallet software to store and display “boarding passes, identification cards, and everything you’d find in a normal wallet.” Apple debuted many similar features with the Passbook mobile wallet application that it introduced with iOS 6 back in June. More →
Google (GOOG) on Wednesday announced an update to its Google Wallet app that allows users to add any credit or debit card to their smartphone or tablet. “To support all credit and debit cards, we changed our technical approach to storing payment cards,” the Internet giant wrote on its website. “The Google Wallet app now stores your 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. Google instantly charges your selected credit or debit card. 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.” The update will also allow users to remotely disable their mobile wallets online, although Google advises users to set up a screen lock as an extra layer of security. Google Wallet is available for use at more than 200,000 retail locations across the U.S. through six phones from Sprint (S) and Virgin Mobile, as well as the company’s new flagship Nexus 7 tablet. More →
You won’t find Google Wallet, officially, on any of the smartphones offered by Verizon Wireless (VZ), not even the Galaxy Nexus. In fact, you won’t find Google Wallet on any smartphone offered by T-Mobile (DTE) or AT&T (T) either — the only carrier that supports Google’s (GOOG) mobile payment platform is Sprint (S). Other wireless service providers have backed a mobile payment competitor known as ISIS, and have blocked Google Wallet from devices that run on their networks. Despite this speed bump, hackers have found a way to enable the service on select handsets such as the Galaxy Nexus and Samsung’s (005930) latest flagship smartphone, the Galaxy S III. The device will of course have to be rooted, and after a slight tweak to the build.prop and the installation of a zip file, users will be able to make purchases using Google Wallet. A video demonstration follows below. More →