Google has announced on their Commerce Blog this evening that they are now rolling Google Checkout into Wallet. Since Checkout’s focus was to simplify online checkouts, Wallet will now be rolling out to more places over the web including the Android Market, Google+ Games, YouTube, and even more Google sites.
Since both products have a similar goal, to simplify purchasing items, it makes sense for Google to roll the products together. For current Commerce users they will be able to setup a Wallet account when logging again, while merchants won’t have to make any changes. Wallet looks like its ready to roll for this Holiday season.
First they made a video testimonial featuring a bunch of excited developers. Last week brought us a promo clip they first played back to journalists who attended presser in May. Then came the first official Google Wallet commercial featuring Seinfeld’s George Constanza and his exploding wallet. Today, the search company has officially rolled out Wallet, a mobile payment service.
As you can see from the clip we embedded above, it features Google engineers highlighting the many benefits of paying simply by tapping your phone to a terminal. One thing immediately captures attention: The “hundreds of thousands” of points of sale which support Google Wallet, all MasterCard PayPass terminals. Google promised at the May unveiling they would support more smartphones with an NFC chip in the future, not ruling out a next-gen iPhone. Today, the company wrote in a blog post:
Today, Visa, Discover and American Express have made available their NFC specifications that could enable their cards to be added to future versions of Google Wallet.
If you’re a Sprint customer with a Nexus S 4G device, the Google Wallet app will be delivered as an over the air update. Just tap the Wallet app on your home screen, add your Citi MasterCard credit card or set up a Google Prepaid Card and transfer some funds to it from any of your credit cards and off you go.
Early adopters who set up a Google Prepaid Card before the year’s end also get a $10 free bonus. When you see the Google Wallet logo on a poster, simply scan it with your phone to add the advertised offer or coupon to your Google Wallet account. The below walkthrough by TechCrunch lays out everything you need to know about Google Wallet in Layman’s terms. Good-bye wallet, the phone will take it from here and another from ThisIsMyNext… Expand Expanding Close
TechCrunch is reporting that Google Wallet will most likely launch tomorrow, citing the above document being sent to partners. Google said Wallet was on its way in the summer, yet we never saw it. Friday, Google also released a teaser for Wallet (seen after the break) that teased the payment service as coming soon. As it says above, Wallet is launching September 19th, most likely to coincide NFC World Congress which kicks off in France tomorrow.
Google Wallet is partnering with MasterCard, Citi Bank, Sprint, and First Data. Wallet will first be available in San Francisco and New York, using NFC and the Wallet app to be able to pay for goods from merchants. Stick with us tomorrow, and we’ll give you all the official details.
According to a report from Bloomberg, three of the largest mobile carriers in the US are getting ready to make a $100 million investment in NFC enabled payment system ‘Isis’. This is seen as a move to take some of the $240 billion a year (according to Juniper Research) mobile payment market from Google and, specifically, Google Wallet.
While Isis won’t begin testing the technology until next year, they have already signed up Visa, MasterCard, American Express, and Discover. Google Wallet has been up and running on Android devices since May but is only available through MasterCard and Citibank with MasterCard Paypass. Having support from Visa, the “world’s largest credit card network”, will certainly give Isis an advantage in the U.S. market. Expand Expanding Close
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