Payment News – August 2, 2012: Google Wallet, EMV Migration Forum, BarPay
Google Wallet Upgrade Adds Multiple Cards Support
Google has released an updated version of its mobile wallet service. The Google Wallet app now supports all credit and debit cards from Visa, MasterCard, American Express and Discover for online and in-store purchases. Google has also changed the way the card details are stored: instead of storing the payment data in the phones secure element, the new Google Wallet app stores the data on Google servers in the cloud. Read more…
The Smart Card Alliance Launches EMV Migration Forum to Bring Chip-based Payments to the U.S.
The Smart Card Alliance, a multi-industry association working to advance use and adoption of smart card technology, has created the EMV Migration Forum to support the move from magnetic stripe technology to EMV-based technology in the United States. EMV chip technology helps to reduce fraud from counterfeit, lost and stolen cards. Read more…
BarPay Starts Cash Payment System for Online Purchases in Germany
BarPay introduces a new cash based payment service for e-commerce in Germany. With BarPay consumers can pay in cash at retail POS terminals for goods and services they ordered online. Read more… (German)
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