Advertisement

Amex: No Deal Yet with Google Wallet 

Aug. 7, 2012

Google appears to have jumped the gun when it said last week that its new cloud-based version of Google Wallet supports credit and debit cards from all the major network brands. The announcement that Google made on its corporate blog was news to American Express, which responded late last week by denying that an official agreement has been signed between the two companies.

“We want to make sure Google's mobile wallet product meets the standards we set for our Cardmembers in terms of the transparency and clarity about transaction detail,” the company said in a statement. “And right now, American Express does not have an agreement with Google for our cards to be used in the Google mobile wallet. While we are interested in the technology and remain in discussions with them about opportunities to work together, we did not provide approval to be included.”

According to reports, American Express cardholders can load their card accounts into Google Wallet and use the account to make in-store purchases at participating merchants. American Express, however, objects to the way purchases made with an American Express card using Google Wallet will show up on the cardholder’s statement as “Google,” rather than with the normal merchant-related information.

 Average 4 out of 5
 Your Rating:
Your Review:
  

WP Pro

  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

Advertisement

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here