Google Announces Major Push Into NFC Payments With Google Wallet


Google today unveiled its new Google Wallet initiative, a push into near field communications (NFC) that will allows users to make electronic payments with NFC-compatible hardware through the Google Wallet mobile app for Android.

Today in our New York City office, along with Citi, MasterCard, First Data and Sprint, we gave a demo of Google Wallet, an app that will make your phone your wallet. You'll be able to tap, pay and save using your phone and near field communication (NFC). We're field testing Google Wallet now and plan to release it soon.

Google Wallet will be able to store users' credit card, loyalty card, and gift card information electronically, making it easy to access the payment and discount methods at compatible points-of-sale. The app will also coordinate with Google Offers, a new program allowing merchants to offer discounts redeemable through NFC or barcode scanning.

Initial support for Google Wallet NFC payments comes from MasterCard, which will accept payment at hundreds of thousands of existing PayPass terminals. Google is also rolling out its own virtual "Google Prepaid Card", which can be funded by any major credit card. Google Prepaid Card comes with an initial $10 sign-up bonus, and there will be no fees on transactions to top up the card until at least the end of 2011.

Hardware support for Google Wallet will appear on the Nexus S 4G phone running on Sprint's network, but other compatible handsets will be added over time.

Rumors have gone back and forth over whether Apple will be adding NFC capabilities to the next-generation iPhone, with the general feeling currently being that Apple will add NFC to future iPhone models, but not necessarily for the next generation expected to be introduced later this year.

Top Rated Comments

(View all)
Avatar
120 months ago

....and there will be no fees on transactions to top up the card until at least the end of 2011.

Pay attention here. This is where you'll get pinched. Can you say convenience fee? Expect to see bank fees, credit card fees and carrier fees attached to these NFC purchases in the future. Everyone is going to want a piece of that pie!
Score: 11 Votes (Like | Disagree)
Avatar
120 months ago

Love it. Wallets, cash, credit cards, etc. are far past antiquated.


I think it is cool, but there are still some things that would keep me from using it all the time (Other than the fact that the retailers have to support it...)

One is your phone battery. I charge it pretty much every night, but sometimes I forget to plug it in and it dies on the second day. If I only had a an e-wallet I wouldn't be able to put gas in my car.

Add that to the fact that I still have to carry around my drivers license, business cards and a little cash I don't think my real wallet is going anywhere. Maybe just getting a little smaller.
Score: 8 Votes (Like | Disagree)
Avatar
120 months ago
Yeh, right!

I so can't wait to trust my money to the Mother of Perpetual Beta!
Score: 6 Votes (Like | Disagree)
Avatar
120 months ago
Potential problems?

Don't really know how I feel about this. Yes, it will increase convenience, but it will also spawn a new kind of thief - one who puts an NFC receiver in his pocket, brushes up against your pocket with your cell phone in it, and steals your money without having to pickpocket you. A wireless robber.

Also, if you lose your phone like I often do, does that mean that people who pick it up can use it as a limitless credit card? Sounds scary.
Score: 6 Votes (Like | Disagree)
Avatar
120 months ago
Sounds cool...but too Orwellian for me. Ill keep my wallet, thanks
Score: 6 Votes (Like | Disagree)
Avatar
120 months ago

A co-worker already had this happen with his credit card that has the built in chip- a number of his neighbors got their information stolen from a van that drove through the neighborhood at night and gathered data from cards (anyone have an American Express Blue), while people slept.

This is only going to make identity theft much much easier.

Stupid idea on behalf of Google and if Apple does it, same with them, unless they can absolutely positively guarantee all the information is secure and protected.

Complete and utter BS. :rolleyes:

You have to be within a inches of the card to read it.
Driving around with a van scanning cards is impossible.

And yes, I have an Amex Blue card with the chip.
Works great, but 99% of the time you have to physically touch the reader with the card to get it to take.
Score: 5 Votes (Like | Disagree)

Top Stories

Apple Announces New 27-Inch iMac With 10th-Gen Processors, Up to 128GB RAM, 1080p Webcam, True Tone, and More

Tuesday August 4, 2020 8:07 am PDT by
Apple today announced a new 27-inch iMac with faster 10th-generation Intel Core processor options, next-generation AMD graphics, up to 128GB of RAM, a higher-resolution 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, a T2 chip, higher fidelity speakers, studio-quality microphones, and more. A breakdown of the new 27-inch iMac's features and specs:10th...

Apple May Launch This Year's 'iPhone 12' Lineup in Two Stages, With 6.1-inch Models Debuting First

Monday August 3, 2020 3:14 am PDT by
Apple last week confirmed that its "‌iPhone‌ 12" launch will be delayed this year due to the ongoing global health crisis and restrictions on travel. Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later," suggesting a release sometime in October. We're expecting a total of four OLED iPhones in 5.4, 6.1, and...

Apple-Acquired Dark Sky Officially Shuts Down Android App

Saturday August 1, 2020 3:43 pm PDT by
Apple in March purchased weather app Dark Sky, and at that time, Dark Sky's developers said that the app's Android version would be discontinued on July 1, 2020. However, instead of shuttering the app on that date, the app's developers announced that the discontinuation would be delayed for another month. Now that it's August, Android users are no longer able to access the app, and...

Everything New in iOS 14 Beta 4: Apple TV Widget, Search Improvements, Exposure Notification API and More

Tuesday August 4, 2020 11:14 am PDT by
Apple today released the fourth developer betas of iOS and iPadOS 14 for testing purposes, tweaking and refining some of the features and design changes included in the update. Changes get smaller and less notable as the beta testing period goes on, but there are still some noteworthy new features in the fourth beta, which we've highlighted below. - Apple TV widget - There's a new Apple TV...

Apple Explains Why You Might See 'Not Charging' When a Mac is Plugged In

Monday August 3, 2020 1:42 pm PDT by
If you have a Mac and have seen a "Not Charging" warning when plugging it in to power, Apple last week released a support document that explains why. Macs running macOS 10.15.5 or later have a Battery Health Management feature to preserve the life of the battery, and occasionally, the Battery Health Management option will cause the Mac to pause its charging for calibration purposes.Depending ...

Unreleased iPod Touch with Mac Pro Glossy Black Finish Shared Online

Sunday August 2, 2020 11:32 am PDT by
Twitter user @DongleBookPro has today posted images of what seems to be a first-generation iPod Touch prototype with a 2013 Mac Pro-style glossy black finish. The Twitter user claims that the iPod Touch prototype pictured has "the same coating as the 2013 Mac Pro." Had the finish been selected for the final product, it also would have been similar to the metallic glossy black finish that...

Phil Schiller Moving on to Become 'Apple Fellow,' Greg Joswiak Taking Over as Marketing SVP

Tuesday August 4, 2020 10:07 am PDT by
Apple's Phil Schiller is moving on to become an "Apple Fellow," Apple announced today, while Greg Joswiak will take over as Apple's senior vice president of Worldwide Marketing. Schiller will continue to lead the App Store and Apple Events, but will no longer be in charge of marketing. Apple CEO Tim Cook said he is "thrilled" that Joswiak will be leading the marketing team, and that his...

Microsoft to Stop Supporting Office 2016 for Mac in October

Monday August 3, 2020 12:21 pm PDT by
Microsoft's Office 2016 for Mac is set to reach its end of support date on October 13, 2020, and after that date, connecting to Office 365 services using the Office 2016 for Mac software will no longer be supported. Microsoft shared the detail in a support document from July highlighting which versions of Office will be supported for connecting to Office 365 services in the future.Connecting ...

8 Third-Party Home Screen Widgets That You Can Try Out Now on iOS 14

Wednesday August 5, 2020 12:56 pm PDT by
One of the biggest new features of iOS 14 is Home Screen widgets, which provide information from apps at a glance. The widgets can be pinned to the Home Screen in various spots and sizes, allowing for many different layouts. When the iOS 14 beta was first released in June, widgets were limited to Apple's own apps like Calendar and Weather, but several third-party developers have begun to test ...

Apple Shares Requirements for Default Third-Party Browser and Email Apps With Developers

Monday August 3, 2020 4:28 pm PDT by
Apple in iOS 14 plans to allow users to set a third-party app as the default email or browser app on an iPhone or iPad, replacing the current Apple-made default apps Safari and Mail. Apple hasn't provided many details on the new feature to users, but as noted by MacStories' Federico Vittici, Apple has shared documentation with developers who want their apps to have the option to be set as a...