The knives come out: Visa, Mastercard will charge PayPal and Google for their mobile wallets

via theverge.com

Our long, slow slog towards ubiquitous mobile payments isn't getting any shorter, and today comments from Visa show that it's going to get more contentious before it gets better. Visa's CEO Charlie Scharf said that "it is totally appropriate" to charge companies like PayPal and Google a fee when their digital wallets get used. Both PayPal and Google offer something called a "staged wallet," which means that those companies act as a kind of intermediary between you and your credit card. That theoretically helps make your wallet easier to use — since it can contain multiple cards — but Visa and Mastercard really hate this approach because it means they can't collect as much data about your purchasing habits.

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Here's A New Way Google Wants To Replace Your Credit Cards

via businessinsider.com

Google seems to be preparing a major rethink of Google Wallet, its mobile-payment tool.

Instead of relying on a narrow list of smartphones and an unpopular wireless technology to make payments at retail outlets, Google is coming out with its own plastic card, according to Android Police, a specialty news site.

In a speech at a conference on October 22, Google Wallet chief Osama Bedier promised that "a new way to experience Google Wallet" would come out in November. That same day, Google's website was updated to say that a new version of Google Wallet was "coming soon." This may well be it.

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There's a New Google Wallet on the Way

via gizmodo.com

Google Wallet is getting an overhaul, and Google has started accepting requests for invites to the new incarnation of its mobile payment platform. While there aren't any details about what exactly will be new about the upcoming wallet, the invite process asks you whether you're using Android, iOS, or "other devices," which indicates some big changes allowing the system to work across platforms.

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Google Wallet Asks Support From Carriers

via businessinsider.com

Can Google do anything to make people want to use Google Wallet, its mobile payment tech?

The next thing it might try is to offer mobile phone carriers a cut of the revenues generated by its Google Wallet technology, reports Bloomberg.

Google Wallet let's users pay for things with their cell phones by tapping the phone on a special reader device at a store.

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Google Wallet Will Give You $10 Just For Trying It

via gizmodo.com

Google Wallet, the company's NFC solution that lets people use phones to make payments, is going on tour and offering people $10 just to try it out. It's cool, but don't get too crazy, the selection is pretty limited.

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