Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/21/2013 (9 months ago)

Catholic Online (www.catholic.org)

Card will allow users to make purchases and transfer money

The world's undisputed largest Internet search engine, Google, has now got into the banking business. Google now plans to offer a prepaid debit card that will let consumers purchase goods and to withdraw cash from ATM machines.

Google has always wanted to play a bigger role in commerce and provide the company with valuable information about consumer shopping habits.

Google has always wanted to play a bigger role in commerce and provide the company with valuable information about consumer shopping habits.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/21/2013 (9 months ago)

Published in Business & Economics

Keywords: Google, debit card, Google Wallet SmartPhone ap


LOS ANGELES, CA (Catholic Online) - The debit card will only be available in the United States. The card will let users access funds stored in their Google Wallet accounts. A smart-phone app, Google Wallet is an online payment service that lets consumers buy goods and transfer money to each other.

The card will be accepted at "millions of locations" that accept MasterCard and at ATM machines, Google said in an online post. The card is free and cardholders will not any monthly or annual fees.

Google has always wanted to play a bigger role in commerce and provide the company with valuable information about consumer shopping habits. The debit card at first seems to be a less ambitious version of a full-fledged credit card that was once rumored to be in the works.

According to a report in the technology blog, AllThingsD plans for a Google credit card were shelved when the head of Google's Wallet and payments group, Osama Bedier, left the company last May.

The card seems to be a logical extension of previous offers. Google began offering a special AdWords Business credit card that its advertising customers could use to buy ads on its website in 2011.

Transactions made with the new Wallet card, including a description of goods purchased, the amount of the transaction and the name and address of the seller would be added to the internal profiles that Google maintains for users of its services, which can be used to target ads.

Consumers add money to the new Wallet Card by linking it to a bank account or when another person transfers money to their Wallet account, according to Google. The card can be ordered online on Wednesday, and typically takes 10 to 12 days to arrive.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for September 2014
Mentally disabled:
That the mentally disabled may receive the love and help they need for a dignified life.
Service to the poor: That Christians, inspired by the Word of God, may serve the poor and suffering.



Comments


More Business & Economics

Unemployment rate for black Americans at 11.4 percent, more than double the rate for whites Watch

Image of There remains a wide disparity in employment in the United States, in spite of efforts to close this broadening gap.

By Catholic Online - (NEWS CONSORTIUM)

There remains a wide disparity in employment in the United States, in spite of efforts to close this broadening gap. Figures show that while unemployment nationwide is 6.1 percent, the unemployment rate for black Americans at 11.4 percent. LOS ANGELES, CA ... continue reading


A record 92,269,000 Americans jobless for month of August Watch

Image of So - there you have it: Things are STILL tough all over.

By Catholic Online - (NEWS CONSORTIUM)

It never went away, come rain or come shine form the past hot summer months . Many Americans remain idle and without work. According to the Bureau of Labor Statistics, a record 92,269,000 Americans 16 years of age and older didn't participate in the labor force ... continue reading


We owe HOW MUCH? New report reveals U.S. government owes $6 trillion to foreign entities Watch

Image of Foreign interests, including nations and businesses, own more than $6 trillion of U.S. government debt.

By Catholic Online (NEWS CONSORTIUM)

Foreign interests now own more than $6 trillion in U.S. government debt, a recent Treasury Department report on major foreign debt holders revealed. LOS ANGELES, CA (Catholic Online) - As of the end of June 2014, foreign-held debt totaled $6,013,200,000,000 in U.S. ... continue reading


Are you ready? Economic analysts predict bear market by end of 2014 Watch

Image of Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

By Catholic Online (NEWS CONSORTIUM)

Two financial experts announced on August 27 that markets may face a fall of up to 60% by the end of 2014. LOS ANGELES, CA (Catholic Online) - David Tice, the president of Tice Capital and founder of the Prudent Bear Fund, reported that a jolt to international ... continue reading


Oh really Obama? President claims economic success while population dependent on food stamps hit all time high Watch

Image of The number of Americans on food stamps has not decreased since 2011, despite claims from President Obama that the U.S. economy has recovered under his policies.

By Catholic Online (NEWS CONSORTIUM)

Democrats are facing a tough midterm election, and with less than three months to go the party is scrambling to prop up the image of the U.S. economy in the minds of disgruntled voters. LOS ANGELES, CA (Catholic Online) - Yet one of the quickest shorthand ... continue reading


Here comes a boom! $7 trillion in untapped funds to flood global market Watch

Image of A report suggests that corporations and equity firms hold nearly $7 trillion in cash reserves that could bolster the world's economy.

By Catholic Online (NEWS CONSORTIUM)

A new boost to the global economic recovery may happen soon, as corporate giants and private equity firms prepare to tap into cash reserves of $7 trillion, stored since the current financial crisis began back in 2008. LOS ANGELES, CA (Catholic Online) - Investors ... continue reading


OBAMA PARTIES AS ROME BURNS: U.S. wages down by 23 percent - while president takes a vacation Watch

Image of The timing of Obama's swank vacation has even the president's supporters worried.

By Catholic Online (NEWS CONSORTIUM)

Lots of negative news to go around - Ebola seems to be spreading worldwide, Islamic State is increasing its stranglehold on Iraq, a much beloved comedian and screen actor is found dead at home, an apparent suicide - U.S. President Barack Obama is in Martha's ... continue reading


Religious orders NEED to understand economics Watch

Image of A letter from two high-ranking Catholic officials requests that religious orders gain a better understanding of finance and economics.

By Catholic Online (NEWS CONSORTIUM)

In a letter addressed to members of religious communities, Vatican officials requested that these groups should not be ignorant of economic realities connected to community life and a mission of serving the world in the name of the Church. LOS ANGELES, CA ... continue reading


THANKS, BARACK! Federal debt up $7 TRILLION under your watch. Watch

Image of By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59, up $7,060,259,674,497.51 since Obama first inauguration day.

By Catholic Online (NEWS CONSORTIUM)

Thanks, Barack! The total federal debt of the U.S. government has increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president. That's more than the debt increased under all U.S. presidents from George ... continue reading


Live Catholic - Shop Catholic - Guess who now accepts checks?

Image of Catholic Shopping .com now accepts checks via Dwolla!

By Catholic Online (NEWS CONSORTIUM)

Guess who now accepts checks? Catholic Shopping .com does! This new option now makes it easier for you to control how you pay for the things you like. LOS ANGELES, CA (Catholic Online) - Catholic Shopping .com is now accepting checks via the online processor, Dwolla. ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Hebrews 5:7-9
7 During his life on earth, he offered up prayer and ... Read More

Psalm, Psalms 31:2-3, 3-4, 5-6, 15-16, 20
2 turn your ear to me, make haste. Be for me a ... Read More

Gospel, John 19:25-27
25 Near the cross of Jesus stood his mother and his ... Read More

Saint of the Day

Saint of the Day for September 15th, 2014 Image

St. Valerian
September 15: The massacre of the martyrs of Lyons with their bishop, St. ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter