Google may buy mobile payment company Softpay

Everything Goes

23-02-2015

Post 10,000

Google may be looking to buy mobile payment company Softpay (who were formally called Isis Mobile Wallet, wonder why they changed their name

) Softpay is a joint venture between AT&T, T-Mobile and Verizon and is NFC based.

Samsung recently bought LoopPay as things hot up over mobile payments which still hasn't set the world on fire.

http://www.neowin.net/news/google-ru...-google-wallet

https://www.gosoftcard.com/

Everything Goes

23-02-2015

Update on Google Wallet.

Quote:
“Wallet will be pre-installed on Android phones running KitKat or higher, which makes it far more likely that people will actually use it. Google's also acquiring some technology and intellectual property from Softcard, though it's unclear what exactly it's getting. Sure, it feels as if we're in the mobile payments Twilight Zone -- Softcard was the main reason Google couldn't bring Wallet to every single Android phone. But now that Apple Pay is taking off (even the US government wants in on the action), and Samsung is gearing up for its own wallet by buying LoopPay, Google has to do something to rev up its own mobile payment action. And that starts with making Google Wallet a default feature, rather than being an app people have to discover and install on their own.”

http://www.engadget.com/2015/02/23/g...softcard-deal/

TVjunkie88

24-02-2015

Yesterday Gmail alerted me that I can now send money via an email using Google Wallet.

Does anyone know if the recipient can withdraw the money without a Google Wallet account? It seems a bit of a con that they would have to sign up to a service to take what is rightfully theirs.

alanwarwic

24-02-2015

Google wallet is leeching onto the Apple pay hype in the US.
NFC for payments is common as muck in the UK, though smaller banks currently not using NFC might just find Apple Pay most cheap to use.

Its also worth noting that September the maximum transaction moves up to £30, maybe enough to entice the likes of Tesco to go to 100% NFC capability.

kidspud

24-02-2015

Originally Posted by alanwarwic:
“Google wallet is leeching onto the Apple pay hype in the US.
NFC for payments is common as muck in the UK, though smaller banks currently not using NFC might just find Apple Pay most cheap to use.

Its also worth noting that September the maximum transaction moves up to £30, maybe enough to entice the likes of Tesco to go to 100% NFC capability.”

Contact less payment in the UK cannot be compared with the unlimited pay option that ApplePay, or any other proper mobile pay option can offer.

£30 is too restrictive.

Everything Goes

24-02-2015

Originally Posted by TVjunkie88:
“Yesterday Gmail alerted me that I can now send money via an email using Google Wallet.

Does anyone know if the recipient can withdraw the money without a Google Wallet account? It seems a bit of a con that they would have to sign up to a service to take what is rightfully theirs.”

Looks like you will need a Google Wallet Debit Card to do that and live in the USA.

Quote:
“The Google Wallet Card is a debit card that lets you spend your Wallet Balance everywhere Debit MasterCard® is accepted within the U.S., or withdraw cash at ATMs.”

https://www.google.com/wallet/faq.html#tab=faq-general