Google Now Poised to Control Your Wallet
- Posted on May 26, 2011 at 4:37pm by
Billy Hallowell
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Are you ready for Google to take control of your wallet?
This morning, the tech giant held a press event to present their newest innovative technology – Google Wallet. Instead of relying on credit and debit cards to make purchases, users will be able to simply swipe their cell phones. The service will likely launch exclusively on Sprint’s Nexus S 4G smartphone. PC Magazine has more:
The Internet giant appears to have thought of everything. This in-phone system will not only work with a select set of Citibank MasterCard credit cards, but with the use of the built-in, prepaid Google card, it’ll let you add funds from virtually any credit card (but you’ll use the Google Card to pay). Paying with an NFC-enabled phone (which Google optimistically says will account for 15% of the mobilephones on the market by the summer) is pretty much like paying with any of the tap-and-go credit cards and fobs you’ve used in the past.
In a (shameless) promo, Google tells us how their new technology will “change how people shop:”
The competition is fierce, so Google is pulling all the stops to get their new digital wallet operational as quickly as possible. Mobiledia adds:
Google is racing to get the service up and running, given the number of competitors cropping up. Mobile payment company Square already markets a free device that plugs into the iPhone head jack, charging merchants a mere 2.7 percent per transaction, compared to the normally exorbitant fees exacted from credit card companies.
Small businesses are embracing the technology because it does not require them to buy an expensive new credit card readers, or pay credit card companies at the end of the month.
And, click below to watch a more unbiased discussion about Google Wallet:
While this more convenient technology is certainly welcomed by many tech enthusiasts, others may have concerns about privacy. After all, the data being dealt with here is extremely personal (plus, there are financial ramifications should account information leak into the wrong hands).
In the past, social media and tech giants like Facebook and Google have faced scrutiny over their privacy policies. A few weeks back, we reported on an interesting story about Facebook hiring a PR firm to smear Google on this very issue. And today, Sen. Al Franken wrote to Google and Apple and asked for some clarification about app privacy.
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Comments (153)
Inuyasha
Posted on May 26, 2011 at 5:52pmIt just seems like paypal you take with you on your phone. To me, anyways.
Report Post »prmermen
Posted on May 26, 2011 at 5:47pmI ll tell you whats around the corner..The only way you will to be able shop, because soros’s one world order will be an allowance..dont spend it all in one place..
Report Post »dcwu
Posted on May 26, 2011 at 5:42pmGoog, a new four letter word for snake-bit.
Report Post »“You let them have your credit cards? You’re googed.”
frustratedwithgovt
Posted on May 26, 2011 at 5:33pmThis is nothing new. Europe has been doing it for many years. That said – I don’t trust google as far as I can throw em. If I could find a mobile phone with a rotary dial I’d probably use it.
Report Post »Donald
Posted on May 26, 2011 at 5:20pmI don’t use google of facebook
Report Post »christos
Posted on May 26, 2011 at 5:18pm……Their grand entrance into the NEW WORLD ORDER,condition,more conditioning,and then for their grand finale MARK OF THE BEAST,,,,,,666,Glad we won’t be here,our SAVIOR is not the prince of this world,our SAVIOR is +KING JESUS+ and within a twinkling of an eye we will be transformed into our glorious immortal bodies that match +JESUS+ free of disease,and we will live forever+eternity with +GOD+JESUS+ PROMISES from +GOD+ are TRUE,,,,,,,& +HE+ will wipe away every tear.
Report Post »hogtrashhd
Posted on May 26, 2011 at 5:11pmthere is something very nefarious about google.. they’re tied up with obama so that should tell you something.. I won’t use google for anything.. something just isn’t right with this company.. I don’t feel safe online any longer.. I’ll be glad when the republicans get back in 2012.. but they too will need our boots on their necks..
Report Post »Ducky 1
Posted on May 26, 2011 at 5:06pmGreat info………I won’t be using this one and kinda wonder about the companies that want to use this system????
Report Post »let us prey
Posted on May 26, 2011 at 5:06pmA quicker and easier way to get swallowed in debt. Cant wait to see the hackers get their hands on this.
Report Post »Baikonur
Posted on May 26, 2011 at 5:05pmSorry, maybe this is a little off topic, but you know, there is one thing that always confused me about the state/federal animosity thing. Everyone here writes on this topic as if the state government is wonderful and the federal government is awful.
But the way I see it, it is the Federal government that does most of the important things I pay taxes for (like Social Security and Medicare). And it is the Federal government that stands between a citizen and a hickish, racist, religious fundie local regime that may or may not decide to discriminate against minorities or outlaw abortion.
Report Post »TheGreyPiper
Posted on May 26, 2011 at 7:32pmSorry, maybe this is a little off topic, but you know (insert leftard troll here.)
Report Post »Lost Shaker Assault
Posted on May 27, 2011 at 1:10amAll the money we pay in taxes goes to the fed.
Report Post »crawdaddy
Posted on May 26, 2011 at 5:03pmuhhhh, isn‘t Google monitored by the gov’t?? also, you type in lunch and they tell you were to go – gov’t approved establishments that just happen to have coupons….or vouchers. I did like sprint, but anything indirectly or directly connected to gov’t makes me run the other way.
Report Post »Baikonur
Posted on May 26, 2011 at 4:57pmStop the presses! Important announcement from Glenn:
‘Sponsored Link: “Underground” Video Gets 10 Million Views. A disturbing video has become an Internet sensation. It may forever change the way you think about our country. Watch the full video, free of charge, here… ‘
Report Post »Bonnieblue2A
Posted on May 26, 2011 at 4:57pmWhen the world banks are successful at crashing the US currency the new currency will be digital. No one will be allowed to buy or bank without it. Most of our bank balances are just digital illusions anyway. Have you ever gone to your bank branch unannounced and asked a teller to cash a check over $10,000.00? Good luck with that, most bank branches don’t keep that much in their vaults.
Report Post »TSUNAMI-22
Posted on May 26, 2011 at 5:01pmExactly why I removed my money from my account a few years back. It wasn’t worth it to keep it in a bank. I keep less than 100 bucks in it to maintain an active emergency credit card and that’s all. If I can’t pay cash for something, I don’t really need it.
Let there be a run on the banks like during the depression. I won’t care one iota.
Report Post »commonsenseguy
Posted on May 26, 2011 at 5:01pmif you could cash a check for $10.000.00 then the bank would have to report it to the government and the DEA ,homeland security ,so they can find out what you are going to do with your money, but if you cash a check for $9,000.00 then they will not report you to the government, and yes you can get that much cash ,but you might have to wait a couple of hours,until they can get it from customers.
Report Post »Lloyd Drako
Posted on May 26, 2011 at 7:25pm:Tsunami:
Report Post »What will you do if, as Bonnieblue suggests, cash is outlawed? I recommend a large garden, your own pure water source and power grid, and of course lots of firepower.
Lost Shaker Assault
Posted on May 27, 2011 at 12:54amWe will see the days when we trade in cut up peices of precious-metals again.
Report Post »heavyduty
Posted on May 26, 2011 at 4:56pm666 comes to mind.
Report Post »the_ancient
Posted on May 26, 2011 at 6:15pmWhy, unless you know nothing about the Mark of the Beast, Which is clearly defined as a Mark on the FOREHEAD or RIGHT HAND that ALL CAN SEE…. not a device you keep in your pocket.
I bet your still confused why the rapture did not come on the 21st tooo
Report Post »BOMUSTGO
Posted on May 26, 2011 at 6:37pmThe MARK is “IN” your right hand or forehead.Only a scanner will be able to read it
Report Post »bjc535
Posted on May 27, 2011 at 8:37pmIt has to start somewhere…..i mean in the Bible it was just saying this is what is going to happen, but in the here and now the tech. has to be tested, and made trusted……I bet all the atheists in the world would find god of one kind or another if the government just came out and said…..hey by way at the end of the year you have to have these chips installed in your forehead….or right hand……which ever is more comfortable with you…..
Report Post »Baikonur
Posted on May 26, 2011 at 4:56pmYou guys are missing the big picture. Glenn himself advises this (at bottom of article):
‘Sponsored Link: Why did a Florida multimillionaire just place a $10,000 bet on YOU? Full details here…’
Report Post »Jenny Lind
Posted on May 26, 2011 at 4:53pmthanks-but no thanks.
Report Post »saranda
Posted on May 26, 2011 at 4:51pmGlenn tells me to beware Google. Must obey.
Report Post »prmermen
Posted on May 26, 2011 at 6:00pmnot working..ur not a beck fan…….ur spooky………..
Report Post »Ryntintin
Posted on May 26, 2011 at 4:51pmlife is gaining speed, Google and smart phones have changed the world as we know it, catch up or be left in the dust. Iphones are the best tool since swissArmy knife! Trump 2012 its go time.
Report Post »commonsenseguy
Posted on May 26, 2011 at 4:55pmthe next thing google will come up with is a phone that can tell you ,you have to take a dump and then all you will have to do is hold you a-phone to your butt and whamo,it is clean.
Report Post »Properlytoastedbagel
Posted on May 26, 2011 at 4:50pmGoogle is good. Must obey Google. Google loves you..
Report Post »Sharon
Posted on May 26, 2011 at 4:50pmWe all know Google is in bed with the government! No Thanks!
Report Post »Ryntintin
Posted on May 26, 2011 at 4:48pmAdd your comments
Report Post »SingerGuy
Posted on May 26, 2011 at 5:11pm..and yet you didn’t?
Report Post »nacilbuper
Posted on May 26, 2011 at 4:46pmGoogle is Satan, google it.
Report Post »Highland
Posted on May 26, 2011 at 4:48pmGoogle spelled backward is Elgoog, which I’m sure is the word for Satan in some language or another!
Report Post »Dustyluv
Posted on May 26, 2011 at 4:42pmNo thanks…I wont take the Mark of the Beast either…
Report Post »commonsenseguy
Posted on May 26, 2011 at 4:46pm@dustyluv, my thoughts exactly !!!!!
Report Post »thebarbarian
Posted on May 26, 2011 at 9:37pmI’ll third that motion.
Report Post »Identity theft made easy
Tracking you at every move made easier
Big brother access-intrusion into your private life
ON WAY!!!!!!!!!!!! between what is already going on with your paper money,I.D. cards/drivers licences, and cell/e-book technologies, our privacy has been raped farr too much!
Showtime
Posted on May 26, 2011 at 4:41pmHahahaha!
Report Post »No Google for me!
No cell phones for me!
No debit cards for me!
No credit cards for me!
KickinBack
Posted on May 26, 2011 at 4:47pmUse this google tool and now they have your credit card #’s. But then again, they probably do anyway. It’s google!
Report Post »Highland
Posted on May 26, 2011 at 4:47pmDitto.
Report Post »TSUNAMI-22
Posted on May 26, 2011 at 4:49pmRemember the book, 1984?
Report Post »commonsenseguy
Posted on May 26, 2011 at 4:50pm@showtime, i to cut up all my credit cards several years ago, i do have a cell phone, but it is a prepaid one, and i only use cash, no checks,debit cards ,or electronic payments, only snail mail for me.
Report Post »Showtime
Posted on May 26, 2011 at 5:31pm@KickinBack ~
Report Post »I do not even use a Google search box! Google tracks your IP address and sells the info to advertisers. I use Ixquick.com and made it my PRIMARY search engine (booting Google out).
Lost Shaker Assault
Posted on May 27, 2011 at 12:19amI use a pre-paid phone, and a debit card for gas. But I am never going to use google. I bought an external hard-drive, and when it was installed, a bunch of google toolbars and scads of files and programs came with it. Took hours and lots of computer tricks to get rid of it all. I believe real money and barter are the way of the future. I have continued to build my survival-hurricane kits and vehicles. I just wish I had bought more silver coins when they were $4.00 a-piece long ago. $4.00 back then is like $40.00 to me now, but in those days I was not as concerned as I am now.
Report Post »nomercy63
Posted on May 26, 2011 at 4:40pmNever trusted this organization since it came into the public venue!!!!! They are not doing good business but involving themselves in everyones life there are other options out there!
Report Post »LibertyAdvocate
Posted on May 26, 2011 at 4:47pmYikes, I don’t like Google knowing that much about me. I prefer cash. Cash is King!
Report Post »13th Imam
Posted on May 26, 2011 at 4:49pmNot me
Report Post »Locked
Posted on May 26, 2011 at 4:50pmIs Google not simply the best capitalistic entity (outside of Walmart, I suppose). It seems like folks only go “yay capitalism!” until something gets popular with the mainstream, then we go “Boo, it’s evil!
I’m not interested in the feature, but I‘m sure they’ll be many who are. Google is great at finding specific markets for their services.
Report Post »CatB
Posted on May 26, 2011 at 5:22pmPass ..and I am keeping my “old fashioned” cell phone.
Report Post »jhaydeng
Posted on May 26, 2011 at 5:30pmBuy this and you disserve the consequences of stolen identity!
Report Post »LOOKING_BOTH_WAYS
Posted on May 26, 2011 at 5:32pmbeing an old school kind of guy I never did like those ““ swipe machines ” that adds up your stuff.
Report Post »and now this !! ..
tower7femacamp
Posted on May 26, 2011 at 5:40pmwhy not
Report Post »http://www.infowars.com/oregon-senator-reveals-secret-government-surveillance-grid/
Gold Coin & Economic News
Posted on May 26, 2011 at 5:53pmJust one more reason not to trust Google. They hold the biggest database on consumer habits and spending on the web and now they need more? I don’t think so.
Report Post »IMPEACHBHO
Posted on May 26, 2011 at 6:10pmC.A.S.H. Stay of the grid
Report Post »TomFerrari
Posted on May 26, 2011 at 6:15pm@locked – you clearly do not know the difference in capitalism and liberty.
Report Post »All people are saying is that they prefer their Constitutional right to privacy in their person and papers (which is now electronic data).
Capitalism on the other hand is something you socialists will never understand – the right to your own property – you socialists prefer to have the right to OTHER PEOPLE’S PROPERTY.
John 3:16
Posted on May 26, 2011 at 6:36pmNot on your life would I be that stupid and lazy. 666 is right!
Report Post »Patrick in AZ
Posted on May 26, 2011 at 6:36pmummm – HELL NO!
Report Post »DavidD
Posted on May 26, 2011 at 6:41pmNo thanks, Google. Use Startpage or other search engines that don’t data mine you. Disable cookies in your browser for select sites such as Google and Youtube.
A little OT but, I always laugh at small businesses that host their business email with Google Apps. You really want to put your eggs in the Google basket? Host with someone local you can trust, not the mega Google Borg Collective.
Report Post »A Doctors Labor Is Not My Right
Posted on May 26, 2011 at 6:46pmHell no.
Report Post »FuturePresident
Posted on May 26, 2011 at 6:48pmyup basically right, now google will know exactly what you are buying.
Report Post »Av8tor056
Posted on May 26, 2011 at 7:29pmNever gonna happen. Cash, gold, silver. Nothing else.
Report Post »jackeric61
Posted on May 26, 2011 at 7:33pmJust 2.7% wow i would love to get that for selling nothing do $500,000 in business and Google gets $13,500 for what, keeping the small businesses money for up to 3 days before it gets deposited. What a crock of cr**. Boycott all the banks and use only cash. Maybe soon we will only use gold and silver and tell the fed to go shove it
Report Post »Brooke Lorren
Posted on May 26, 2011 at 8:02pmCell phones are too expensive for me. Perhaps if you develop an iPod app, but then again, I’m still not too excited about that. Now, maybe if Google would let me spend my adsense revenue with an iPod App…
Report Post »banjarmon
Posted on May 26, 2011 at 8:03pmBarter….One dead chicken for a side of pork….the way of the future.
Report Post »NO taxes either…
MiketheTrucker
Posted on May 26, 2011 at 8:45pmIt really isn’t much different than Paypal or others who provide optional ways to pay.
The one that gets me, or GOT me, was when Amazon gave my wife’s debit card number to Time Warner to renew magazine subs WITHOUT her permission. And apparently this is not an isolated incident, because if you google it there are numerous reports of this abuse dating back as far as 2007.
Most people don’t get their money back.
Report Post »Stoic one
Posted on May 26, 2011 at 10:50pmLOCKED
Report Post ». . I agree entirely; a highly successful company.
seeker9
Posted on May 26, 2011 at 11:37pmJust bought a small number of shares today. I use PayPal, and don’t see much different with this, EXCEPT for the coziness with the White House.
Report Post »SonOfaCommunist
Posted on May 27, 2011 at 5:42amKiss my Commie A_S Google!
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