Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/21/2013 (1 year ago)

Catholic Online (

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.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

11/21/2013 (1 year 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'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

Construction of high-speed rail between L.A., Las Vegas approved by U.S., China Watch

Image of Signed before Chinese President Xi Jinping's state visit to the U.S., the project is a milestone in China's efforts to market its high-speed rail technology in advanced economies.

By Catholic Online (NEWS CONSORTIUM)

A joint venture to build a high-speed railway linking Las Vegas and Los Angeles has been agreed upon. The project will be the first Chinese-made bullet-train project in the U.S. LOS ANGELES, CA (Catholic Online) - XpressWest Enterprises LLC, along with a China ... continue reading

PENDING FED DECISION: U.S. may be due for the first rate hike in 10 years Watch

Image of A relative

By Catholic Online (NEWS CONSORTIUM)

The Federal Reserve may have to make a very hard decision shortly. "If the Open Market Committee takes the plunge, it will be the first US rate hike in nearly 10 years," Telegraph columnist Jeremy Warner says. LOS ANGELES, CA (Catholic Online) - It will be the ... continue reading

Bear market looms, Yale University market scholar warns Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

There is widespread concern that U.S. stocks are overvalued, which will lead to a ferocious bear market unseen since the "Dot-com" bubble burst in 2000. According to research by Yale University market scholar and Nobel economics laureate Robert Shiller, while ... continue reading

Job participation rate in U.S. at 38-year low Watch

Image of According to Bureau of Labor Statistics, the nation's civilian non-institutional population - which means that all people 16 years of age or older who were not in the military or an institution -- reached 251,096,000.

By Catholic Online (NEWS CONSORTIUM)

Americans not participating in the labor force jumped by a whopping 261,000 more in August than there was in July. The participation rate in U.S. labor remained at 62.6 percent, a 38-year low, for a third straight month in August. These are "cheerful" ... continue reading

Islamic State attempts to replace the U.S. dollar with gold coins Watch

Image of A five denar piece featuring a picture of seven wheat stalks, representing the

By Kenya Sinclair (NEWS CONSORTIUM)

The Islamic State has announced it will be producing gold currency with the goal of weakening the dollar. LOS ANGELES, CA (Catholic Online) - A video posted Saturday, August 29th by the Islamic State warns that replacing the dollar will be "the second blow to America's ... continue reading

Art collectors seek liquidity as market plummets Watch

Image of Picasso piece auctioned for a record $179.4 million.


Inquiries about art loans reportedly increased after global equities plunged. The unfortunate event led many to view their collections as assets and investment to cash-in.  MUNTINLUPA, PHILIPPINES (Catholic Online) - Bloomberg Business reports many collectors and ... continue reading

All Business & Economics News


Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Joel 4:12-21
12 'Let the nations rouse themselves and march to the ... Read More

Psalm, Psalms 97:1-2, 5-6, 11-12
1 Yahweh is king! Let earth rejoice, the many isles ... Read More

Gospel, Luke 11:27-28
27 It happened that as he was speaking, a woman in ... Read More

Saint of the Day

Saint of the Day for October 10th, 2015 Image

St. Francis Borgia
October 10: Francis was a young nobleman at the court of the King of Spain. ... Read More