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Visa Is Now An Official Partner Of Google Wallet

  

Yesterday Google officially launched their much anticipated NFC-payment system, Google Wallet. Unfortunately, a Citi MasterCard or a Google PrePaid card were the only payment options available. However, less than 24 hours after launch, Visa has now partnered with Google and will be joining the Google Wallet Team. Their debit, credit and prepaid cards will now be linkable to Google’s new service.

The only ones left out of the party are now Discover and American Express, however Google has said they could be added in the future. Visa’s full press release can be found after the break.

Visa and Google Sign Licensing Deal to Boost Mobile Payment Adoption

SAN FRANCISCO–(BUSINESS WIRE)–Visa Inc., Visa Europe and Google today announced that Google has received a worldwide license to Visa payWave, an innovative NFC-based payment technology. Visa payWave enables consumers to make fast and secure payments at retail locations by waving their mobile phone in front of a payment terminal and is currently accepted at hundreds of thousands of retail locations worldwide.

“This agreement extends Google Wallet to Visa account holders worldwide”

The agreement sets the stage for Visa-issuing banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet – a mobile application that turns a smart phone into a digital wallet. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones.

“Mobile technology is transforming how people pay for goods and services,” said Jim McCarthy, global head of product, Visa Inc. “This agreement builds on Visa’s strategy of enabling consumers to make mobile payments with whatever device they choose using the trusted accounts they already have.”

“This agreement extends Google Wallet to Visa account holders worldwide,” said Stephanie Tilenius, vice president of Commerce and Payments at Google. “This is a crucial step towards realizing our shared vision for the future of mobile commerce – one that creates a rich shopping experience for consumers and merchants alike.”

Today’s news furthers Visa’s progress in making its products available as a payment option in any digital wallet. This includes Visa’s own digital wallet announced earlier this year which is designed to provide consumers with “click-to-buy” payment functionality and access to their Visa and non-Visa accounts using a personal computer or smart phone, to make purchases online and at retail locations.

Google Wallet is designed to enable an open commerce ecosystem enabling consumers to carry payment cards, offers, loyalty and gift cards — and eventually much more. Google is also working with top retail brands to create a new mobile shopping experience.

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 20,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

About Google

Google (NASDAQ: GOOG) is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world. For more information, visit www.google.com/about.html.

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  • Anonymous

    tinyurl.com/2df4ccp

  • Anonymous
  • http://www.facebook.com/bryanpwilliams Bryan Williams

    Still only on a Sprint Nexus S 4G.

    Totally lame.

  • Anonymous

    Now we all need a way to use GW w/o NFC (some kind of sticker ….. maybe)

    • Blood

      I think they are going to release some kind of NFC sticker.

  • Anonymous

    The issuing bank still has to get on board so not every Visa card holder will be able to use it.

  • EC8CH

    All your Card are belong to Us!

  • Josh Flowers

    awesome
    was not looking forward to setting up a Google Payment account instead of just being able to use my Visa account through my bank.

    paranoia: initiate more targeted ads via AirPush on handsets based on spending habits!

    • Anonymous

      I’m sure they’ll still monitor your spending habits and target you with ads regardless of whether you use Google Payment or your Visa card.  It’ll still be data in your phone which they’ll use.

  • Scott Willenborg

    I can’t wait until they get my “Hooter’s Frequent Fryer’s” card on board!!  Woohoo!!!  FREE WINGS!

    • EC8CH

      image where you could tap your phone to pay for those.

  • Jackthetorahguy

    Don’t let AMEX in. They have the least customers anyway. Sooo tough to get approved.

    • Anonymous

      That’s because your credit sucks.  I love my AMEX.

  • http://www.facebook.com/profile.php?id=1639081047 Joseph DiPierno

    i hope more get on board real soon

  • http://profiles.google.com/tylerjhilliard TYLER HILLIARD

    & non-Citi MasterCards still left out it sounds like