Google: More Issuers to Integrate with Wallet; Could Pose Threat to Telco Business Case

Aug 31 2012

Google Wallet product manager Robin Dua said the company expects more payment card issuers to soon announce support for the wallet–enabling their customers to easily add their cards to the NFC-enabled cloud-based wallet.

If true, the issuers would follow Discover Financial Services, which earlier this month announced “simple click-and-add” support for the wallet on Discover’s Web site. Like Discover presumably did, the other issuers would use one or more application-programming interfaces Google said it has introduced for the new version of its wallet, which it unveiled Aug. 1.

“We have a bunch of other card issuer partners that are going to be announcing the support for those APIs very soon,” said Dua, speaking at a Google developers meeting Aug. 23. “So users will be able to go into their Internet and mobile-banking applications to store cards into ‘Wallet’.”

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