Just as Apple launched its Apple Card last year in collaboration with Goldman Sachs, it appears that Google is also preparing something similar. According to the images and details obtained by Tech Crunch, it appears that Mountain View is working on a physical and virtual debit card that would have an associated application for Android and would be fully integrated into the Google Pay payment system.
This new leak links statements made by a company official to the Wall Street Journal last November, in which he announced that Google was studying how it could partnership with banks and credit agencies in the United States to offer smart checking accounts through Google Pay.
Online and mobile payments
The images published by TechCrunch show that Google would be developing its own physical and virtual debit card which, together with an associated checking account, will allow users make payments by cell phone or online. This card, as seen in the screenshots, would be connected to a Google application from which we could easily view purchases and payments, check the balance or block the account.
The medium ensures that the card is co-branded with different banking partners, including CITI and Stanford Federal Credit Union, so, as with the Apple Card, it would initially be available in the United States. With that, Google hopes to expand its power as a financial technology giant, expanding the use cases of its Google Pay service.
Although Tech Crunch warns that the filtered design of the card and the application is not definitive, in the images we can see a VISA network chip card and a linked Android app (probably Google Pay) from which users can add money or transfer funds from their account, in addition to using a fingerprint and PIN code to authenticate themselves.
Once connected to a bank account, users can pay for purchases at retail stores using a Google physical debit card, even with contactless paymentsby simply bringing it closer to a card reader. The virtual version of the card can also be used for mobile payments with bluetooth, while using the number of this virtual card for online payments or through the app.
In the screen shots of the app, we see a list of recent transactions, each with the seller’s name, date and price. When entering each payment, we could see the location on a map, get directions or call the store. If you don’t recognize a charge, if you’ve lost your card, or if you suspect that you’ve gained unauthorized access to your account, there are several security options that would allow you to set spending limits, block the card, request a replacement without stopping paying, reset the number, etc.
Although no images were obtained, Tech Crunch states that in the configuration options we would also have the possibility to set notifications and set privacy controls to “decide what information to share”. The media asked about the leak for the company and guarantees that Google has not denied its findings or claims; instead, he forwarded them to the statements he made a few months ago to the Wall Street Journal and which we mentioned at the beginning.
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