September 20, 2011
Google Adds Visa To Its Wallet Application
Google Inc.'s "Google Wallet" is adding Visa Inc., American Express Co. and Discover Inc. to its payment system.Google said on Monday that it has licensed the right to add virtual "cards" from the three payment networks to Google Wallet.
The new application only works on one Sprint smartphone so far, and can be loaded with a Citibank MasterCard or a prepaid debit card from Google.
Owners can pay in stores by tapping their phones on wireless-capable payment terminals. There are over 135,000 of these terminals in stores and other retail locations.
Osama Bedier, Google's vice president of payments, did not say when Visa, American Express and Discover would work with the wallet.
He said the company is working with all major manufacturers of smartphones that run on Google's Android software to incorporate chips that communicate with payment terminals.
Samsung Electronics Co., the maker of the Nexus S phone, is the only company that has a smartphone that currently works with the Wallet today.
Verizon Wireless, AT&T Inc. and T-Mobile USA have all signed partnerships with all major card networks and created Isis. This service is not due to launch until early next year.
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