Wasn't the (future) physical card one of the things that they went on about when Google Wallet was initially launched?
Google Wallet leak shows off new physical credit cards
31–40 of 44 posts
Re: Google Wallet leak shows off new physical credit cards
#32I wonder how flexible you are in deciding what card you want their physical card to charge to? Do you log in and toggle the current card it's a proxy for? Or can you log in later that night and tell google wallet "charge that latte on the mastercard, charge that toy on the amex?". I'd be really excited if I could get one google card to replace some other cards, but one of the reasons I have multiple cards is to separ…
From my understanding of the EMV payment specification (http://en.wikipedia.org/wiki/EMV) a card can actually have multiple applications and when used at a compliant terminal, you are prompted to select the payment application. In other words, a EMV compliant terminal should prompt you to select which card you want the charge to go to. Of course this isn't a terminal behavior you typically see because pretty much any card you get issued by the bank will only have the one payment app. In my own testing though, I've come across cards with more than one.
Re: Google Wallet leak shows off new physical credit cards
#33Glad to hear I can just carry one reward card instead of card for every grocery store I visit. Glad to hear Ill be able to use google for person to person payments instead of paypal. Perhaps they will even get the same functionality as the bitinstant card.
http://thenextweb.com/insider/2012/08/20/bitinstant-may-brid...
Re: Google Wallet leak shows off new physical credit cards
#34I'd use this and like it much more than the digital wallet. The idea of my phone dying and leaving me with no means of communication and no means of payment sounds like a good way to make a bad day go to much worse. As someone who travels frequently on business and is in places where I dont know a soul and arrive at sometimes odd hours - that scenario is terrifying to me.
Some banks have protection for this. As long as you can get to a phone you then ring the bank who will issue you with a pin you take to an ATM. This will give you access to emergency fund while they courier you a new card.
Re: Google Wallet leak shows off new physical credit cards
#35I wonder how flexible you are in deciding what card you want their physical card to charge to? Do you log in and toggle the current card it's a proxy for? Or can you log in later that night and tell google wallet "charge that latte on the mastercard, charge that toy on the amex?". I'd be really excited if I could get one google card to replace some other cards, but one of the reasons I have multiple cards is to separ…
From my understanding of the EMV payment specification ( http://en.wikipedia.org/wiki/EMV ) a card can actually have multiple applications and when used at a compliant terminal, you are prompted to select the payment application. In other words, a EMV compliant terminal should prompt you to select which card you want the charge to go to. Of course this isn't a terminal behavior you typically see because pretty much a…
Maybe you're from Europe because I think you're talking about stuff that isn't even close to existing in the US.
Re: Google Wallet leak shows off new physical credit cards
#36Huh. So I'll have one credit card to carry around that will just pass through the charge to another card I'm carrying around, because none of this stuff is yet reliable enough to abandon my wallet entirely. Sorry for the abrasive skepticism here... it's part of being in the industry. But I see one of two scenarios playing out here: 1) Google becomes (buys/owns/works with/...) a proper Issuing Bank giving out real lin…
I've found that NFC adoption is way better in Toronto and Waterloo (in Canada) than it is in San Francisco; partly due to a banks forcing a transition to chip-and-pin credit cards. (IIRC, they couple this with changes to their liability in their ToS; if you give out your PIN or similar, you're screwed.)
Re: Google Wallet leak shows off new physical credit cards
#37So the recent change to Google Wallet to let you use any card you wanted basically worked by creating a virtual credit card that acted as a proxy, and transmitting that card number using NFC. When the charge hit that virtual card, they would then process a corresponding charge to your real card. It looks like they're going to give you the option of getting a physical representation of that proxy card. One thing I'm c…
Does Google forward the charge to Amex, or does the Google Wallet Apps just simulate the Amex card's NFC signal, so that the merchant can't tell the difference? If the latter, you obviously deal with Amex
The former. If you use the Google Wallet app on the phone, it almost always shows up as the proxy MasterCard now.
This has ramifications for rewards programs: http://support.google.com/wallet/bin/answer.py?hl=en&top...
Re: Google Wallet leak shows off new physical credit cards
#38Earlier quoted context omitted.
From my understanding of the EMV payment specification ( http://en.wikipedia.org/wiki/EMV ) a card can actually have multiple applications and when used at a compliant terminal, you are prompted to select the payment application. In other words, a EMV compliant terminal should prompt you to select which card you want the charge to go to. Of course this isn't a terminal behavior you typically see because pretty much a…
Maybe you're from Europe because I think you're talking about stuff that isn't even close to existing in the US.
The US has been extremely slow to adopt this technology despite, the adoption rates around the world. Visa and MasterCard have set a date of 2015 to push merchants to have their checkout terminals be EMV compliant or face higher fraud liability charges.
Re: Google Wallet leak shows off new physical credit cards
#39So the recent change to Google Wallet to let you use any card you wanted basically worked by creating a virtual credit card that acted as a proxy, and transmitting that card number using NFC. When the charge hit that virtual card, they would then process a corresponding charge to your real card. It looks like they're going to give you the option of getting a physical representation of that proxy card. One thing I'm c…
Does Google forward the charge to Amex, or does the Google Wallet Apps just simulate the Amex card's NFC signal, so that the merchant can't tell the difference? If the latter, you obviously deal with Amex
Google creates a onetime virtual card number that it sends to the merchant and that the merchant can process. The onetime card number never changes for that transaction, so a chargeback and return can always be processed for that order. I'm sure Google plays a part in the chargeback process due to the fact it acquired TxVia in April.
http://support.google.com/wallet/bin/answer.py?hl=en&ans...
In regards to reward points- This article also mentions "Certain transactions may not earn your typical rewards or be eligible for certain benefits. Learn more about rewards. Please contact the seller with any questions about your order."
Most people seem to use their credit cards to pay for things instead of their debit cards to get reward points. This will definitely discourage people.
Re: Google Wallet leak shows off new physical credit cards
#40Earlier quoted context omitted.
So: 1) A software update can now render you unable to make payments. 2) You're only able to pay people if you've bought one of a few specific pieces of hardware. Traditional payment cards suffer neither of these problems which is probably why Google's planning to offer this... but overall it sounds like this is just adding more complexity into the already mindlessly-complex payments infrastructure.
So we know who the anti-Google-at-all-costs is in this particular thread. Why don't you stop spreading misinformation about it when you clearly don't understand the current Wallet offering or the vision for it?
I'm not anti-Google, I just don't see how their product adds value to the equation in any payment scenario. I use and like a lot of their offerings. But I'm in the payments industry, know what can and does go wrong, and would never touch an offering from a company notorious for being so hard to get in touch with (unless you're giving them tens of thousands of dollars in Adwords revenue; even with our paid apps accounts I have no idea how to get the support we pay for)