Tag Archives: credit card

Google kills its plans for a physical Google Wallet card

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Google is reportedly no longer pursuing the physical Google Wallet card that has been in development over the last year, according to a report from AllThingsD. The report comes shortly after the announcement that Google Wallet head Osama Bedier is leaving the company and just before Google’s I/O conference next week.

Google originally developed the card as a way for Wallet users to circumvent the need for NFC in transactions when either their smartphones or a payment terminal lacked the feature. AllThingsD describes the card as having “a black face adorned with the whimsical rainbow “W” of the Google Wallet logo.” In theory, the card would also have helped Google capture more customer-to-vendor transactions to mine for data.

Osama Bedier’s departure was announced on Wednesday, and no direct replacement was revealed. Reports had suggested that Google would give updates to its Wallet program at I/O next week and that the card would play a role in the program.

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U.S. Consumers Cut Back on Credit Card Use in April

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(WASHINGTON) — Americans cut back sharply on their credit card purchases in April, a sign that some may be worried about the slowdown in hiring. The Federal Reserve said Thursday that consumers increased borrowing by $6.5 billion in April, just half of the March gain. The gain was driven by a $9.96 billion rise in [...]

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