Google Wallet Launches as Other Payment Networks Sign On

Visa, American Express and Discover Financial Services have agreed to work with Google to enable consumers to put their payment applications into future versions of the Google Wallet, which the Web giant launched today.

The announcement by Google that the three card schemes will support its wallet is not surprising, since all had indicated they would be open to working with Google on NFC payments. MasterCard Worldwide was already part of the U.S. Google Wallet launch today, along with Citigroup.

“Mobile technology is transforming how people pay for goods and services,” said Jim McCarthy, global head of product at Visa Inc. in a separate announcement by Visa. "This agreement builds on Visa's strategy of enabling consumers to make mobile payments with whatever device they choose using the trusted accounts they already have.”

Visa added that its goal is to make its application an option in “any digital wallet,” including it’s own wallet, which Visa announced earlier this year. Visa is expected to launch its digital wallet this year, enabling both online and contactless payments from both smartphones and PCs.

With the Google Wallet app that Nexus S 4G users can download, users will be able to tap their phones to pay with a Citi-issused MasterCard PayPass payment application or a Google Prepaid Card application. The prepaid application also supports PayPass. Consumers can use either application to tap to pay wherever MasterCard PayPass is accepted in the United States, which is more than 125,000 locations.

“Our goal is to make it possible for you to add all of your payment cards to Google Wallet, so you can say good-bye to even the biggest traditional wallets,” said Osama Bedier, Google’s vice president of payments, in an official blog post.

The Google Prepaid Card can be funded with any credit card, and the company is offering consumers a free $10 in their account if they set up the prepaid application in the wallet before the end of the year.

Google is also working with mobile carrier Sprint and processor and merchant acquirer First Data on the wallet launch. First Data also is serving as trusted service manager for the project with its technology partner SK C&C. Google has also recruited a range of merchants to participate in the wallet project, including Subway sandwich shops, Walgreens retail pharmacies and Macy’s department stores, along with point-of-sale terminal and reader vendors. The merchants would support Google Offers.

But today’s announcement didn’t mention Google Offers, which delivers targeted coupons and other deals to subscribers. Offers is the centerpiece of Google’s business model for the wallet. In a separate development, reports today said Google purchased a Germany-based offers site called DailyDeal.

Google Offers is expected to be trialed in New York and San Francisco, along with Chicago, Los Angeles and Washington, D.C. Most stores are not ready yet, though one, American Eagle Outfitters, is “up and running in some stores,” a Google spokesman told NFC Times.

HEADLINE NEWS

Top 10 Misses: Wallet Take-Up, Bank Recruitment, Payments Wearables Rollouts Led List of Disappointments in Past Year

Jan 5 2017

NFC Times Exclusive – The rollout of digital payments, including services using NFC technology, are undoubtedly making progress, especially compared with just a few years ago.

More Chinese Smartphone Makers Enable NFC Transit Ticketing

NFC Times Exclusive – More Chinese OEMs have launched support for NFC transit ticketing, following earlier launches by Xiaomi and Huawei, NFC Times has learned, with at least five more device makers enabling service in one to two Chinese cities, or planning to do so.

Moscow Commuter Line Supports Open-Loop Fare Collection; Promotes Payments by Apple Pay

NFC Times Exclusive Insight - All stations on Moscow’s new commuter rail line, the Moscow Central Circle, or MCC, and some Moscow Metro stations linked with the new line, accept open-loop payments, including with Apple Pay, the Russian transit authority confirmed to NFC Times, adding that the authority is looking forward to accepting a range of other NFC-enabled wallets, including Samsung Pay.

Samsung Takes Two-Speed Approach to Launches of Samsung Pay

NFC Times Exclusive – In line with its October promise, Samsung has launched its mobile payments service in two additional markets, Malaysia and Thailand, bringing the number of markets to 12, counting Puerto Rico. Still, in some of the markets where Samsung Pay has launched, the device maker adopted a different rollout strategy, which it calls “early access.”

Huawei Enables More Cities for Transit Ticketing, as OEM Pay Providers Begin to Expand NFC Fare Collection Services

Dec 22 2016

NFC Times Exclusive Insight – Huawei and NXP Semiconductors have announced that the Chinese smartphone maker has added three cities to its transit-ticketing service from its Huawei Pay wallet, as Chinese OEMs continue to lead in enabling NFC fare collection from their devices.

NFC Secure Element Shipments to Miss Vendor Forecasts; Trade Group Eurosmart Declines to Release Details

NFC Times Exclusive – NFC secure element shipments for 2016 will be lower than earlier forecasts by card and chip vendor trade association Eurosmart, although the group is not saying by how much.

How It Works: Android Pay Launches in Japan Without HCE, Backed by One Closed-Loop Payments Service

NFC Times Exclusive Insight – Google is using an embedded secure element to enable users to tap to pay in its latest Android Pay market, Japan–the first time since launching Android Pay that the search giant is not using host card emulation to enable payments.

Taiwanese Telco Launches Wallet Supporting Both NFC and QR Codes, with HCE Coming

NFC Times Exclusive Insight – Far EasTone, one of Taiwan’s three major telcos, officially launched its mobile wallet Tuesday, offering a range of services and technologies as it prepares to compete with the coming of the “Pays” wallets, including Apple Pay, which is expected to launch in Taiwan in the first quarter.

Wirecard Sees Insuring In-Store Purchases as ‘Innovative’ Feature for Boon Payments App, but Will It Help App Stand Out in the Crowd?

Dec 19 2016

NFC Times Exclusive Insight – Germany-based white-label payments software and prepaid payments services provider Wirecard hopes to make its mobile payments app boon more attractive to German users by giving them the option of insuring their in-store purchases.

Apple Pay Chief: Ensuring Consistent User Experience Prompted Apple to Lock NFC Chip, Shun QR Codes

NFC Times Exclusive Insight – In case anyone is still wondering, Apple didn’t launch Apple Pay for the transaction fees it earns from banks, even if the iPhone maker still doesn’t publicly acknowledge it charges the fees to begin with.

Sony Pay? Sony Mobile Unlikely to Join ‘OEM Pay’ Club; Looking Instead to Local Deals to Enable Mobile Payments

NFC Times Exclusive – Sony Mobile has no plans to introduce its own payments service, choosing instead to work with local mobile payments service providers market by market, NFC Times has learned.

Scotiabank Updates Mobile Payments Service to HCE and Plans American Express and Mastercard Support for New Year

NFC Times Exclusive Insight – By switching from NFC SIM-based to host card emulation mobile payments service at the end of November, one of Canada's top five banks, Scotiabank, is hoping to “build adoption” at a “higher magnitude” for its My Mobile Wallet service, a bank spokeswoman told NFC Times.