Google Wallet Joins the Cloud to Accept all Credit... - Products News

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Products » Google Wallet Joins the Cloud to Accept all Credit Cards

Google Wallet Joins the Cloud to Accept all Credit Cards

Add to Favorites:
Google Wallet Joins the Cloud to Accept all Credit Cards

Last week, Google announced that its Google Wallet platform would begin accepting all credit cards instead of just Citibank and MasterCard PayPass cards. However, people will still need to have one of six Sprint or Virgin phones to use Google Wallet – so iPhone users are out of luck.

Credit card users eager to leave behind their wallet full of plastic and move into the virtual realm will be glad to hear that as of August 1, Google Wallet is now accepting all types of credit cards.

Previously, the mobile wallet could only be used with Citibank and MasterCard PayPass cards, but now it can accept all types of credit cards, debit cards, and even gift cards. Users simply download the app and input their card information, and then they can pay using the cards anywhere that has a PayPass reader.

Who Can Use Google Wallet?

People with five types of phone can download the App for their Android operating systems, on the Google Play store. The Galaxy Nexus, LG Viper, LG Optimus, HTC EVO 4G, and Samsung Galaxy S3 phones – which run using either Sprint, AT&T, Virgin Mobile and T-Mobile – can be used with Google Wallet.

Apple’s iPhone is still not compatible with Google Wallet, and it’s not clear whether it will ever be, since Apple is working to adapt its own mobile and virtual payment modules.

The number of retailers that have a PayPass-enabled checkout is growing rapidly – already major retailers like Macy’s, Foot Locker, 7-11, Whole Foods Market, Jamba Juice, Walgreens and some larger grocery stores and drugstores have them. Smaller businesses like boutiques and restaurants often do not have the capability to accept PayPass payments, but the number of restaurants and shops that have this technology will probably grow over the next several years, as virtual wallets become more common and demand increases.

Google Rewards

Google says that about 200,000 stores can accept Google Wallets payments currently, and Google even has partnerships with 25 different retailers – Macy’s and Jamba Juice among them – to give users discounts and loyalty rewards.

Using a credit card that already offers cash back has the potential to pay off twice if using it with Google Wallet gives Google rewards on top of card-issuer rebates.

Cloudy with a Chance of Credit

Another big change is in the way the app stores and accesses information. Google Wallet used to store credit card information in the phone’s memory itself. Now data is uploaded to the “cloud” or virtual storage system, making it easier to access information from anywhere without the actual phone in hand.

When payment information was contained in the phone itself, Google had to get permission from issuing banks and mobile carriers, which was why they could only accept a limited number of cards. By moving to the cloud system, Google no longer has to negotiate with mobile and credit card companies, allowing them to accept all cards.

Robin Dua, head of product management for Google Wallet, explains why Google made the change to the cloud:  “We realized this was not going to be a very scalable model and it would literally take a lifetime to complete all that work.”

Safety Assured

Storing data in the cloud also means that if a phone is lost or stolen, users can go online and turn off access to the Google Wallet app so it cannot be used via phone.

This ability to disable Google Wallet should ease the fears of people nervous about the whole idea of virtual wallets. Any new idea brings apprehension for new users, particularly when it has to do with finances, but Google assures users that their information will be safe.

As time and technology march forward, mobile and virtual payments continue to be the wave of the future.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

TD Bank Cements Deal to Issue Target Credit Cards
TD Bank Cements Deal to Issue Target Credit Cards

Posted: March 18, 2013

TD Bank acquired more than 5 million Target credit card accounts with a balance of nearly $6 billion in a 7-year agreement that was completed last week. Continue reading
Doing Your Banking with the US Bank Skill for Amazon Alexa

Posted: September 20, 2017

Voiced based banking is now in the cards for U.S. Bank customers with an Amazon Alexa device in their home or office, due to the rollout of the new U.S. Bank Skill for Amazon Alexa letting people do everything from checking their balance ... Continue reading
Bank of America and FitPay

Posted: September 19, 2017

These days' people are looking for more ways to make payments on the go whether that means tapping their watch, smartphone or something else. To up the ante for their customers, Bank of America has inked an agreement with FitPay paving the ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Match Mile For Mile: We’ll match all the Miles you’ve earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit