Apple Responds to CVS/Rite Aid Controversy: 'Overwhelmingly Positive' Response, Working to Add Merchants

[pacohaas]

Time to buy a new phone !

I can buy a new 5s from Apple today.

 

[diamond.g]

No, that is not tokenisation... it's an actual prepaid card issued by Bancorp Bank, but stored on your phone.

Google does use tokenization. There was a huge argument in the Alternatives to iOS section about it. It may not be EMV Tokenization, but it is tokenization, just stored in the cloud...

 

[AllieNeko]

Google does use tokenization. There was a huge argument in the Alternatives to iOS section about it. It may not be EMV Tokenization, but it is tokenization, just stored in the cloud...

Google Wallet has existed since before the EMV tokenisation framework was released. If you want to call using an actual virtual card tokenisation, that's different. Google Wallet uses a Mastercard prepaid card issued by The Bancorp Bank. This prepaid card is stored in the cloud, and when it is charged, Google charges your real card.

 

[kdarling]

Google Wallet has existed since before the EMV tokenisation framework was released.

True. Google Wallet uses its own account tokens (or rather, the ones it gets from Bancorp).

Likewise, Mastercard and Visa, et al, each use their own token and payment crypto methods. MC cannot decode a Visa payment message, and vice versa. Only certain fields are common. What they did for EVMCo is create a more general specification, which allows all of their secret schemes to pass through.

If you want to call using an actual virtual card tokenisation, that's different. Google Wallet uses a Mastercard prepaid card issued by The Bancorp Bank. This prepaid card is stored in the cloud, and when it is charged, Google charges your real card.

They're all tokens. Each hides the real account number being charged, all are provisioned, and all can be replaced without affecting the real accounts.

Google Wallet uses virtual Mastercard prepaid card numbers provided by Bancorp, because that allowed their method to work almost everywhere. It's similar to the way that Mastercard and Visa have set aside special bank ids to indicate their own token payments. The whole idea is to stay compatible with the merchant, the issuer, and some intermediate processors.

 

[JoeTomasone]

Question for you Google Wallet users that I can't seem to find an answer to:

If your Google Wallet has $10 in it, and you try to use it for a $30 purchase, which happens?

a) The purchase is declined, since you are $20 short
b) $20 is charged to your GW funding source, the payment goes through for $30, and you have a $0 GW balance
c) Something else

Thanks, and </offtopic>

 

[diamond.g]

Question for you Google Wallet users that I can't seem to find an answer to:

If your Google Wallet has $10 in it, and you try to use it for a $30 purchase, which happens?

a) The purchase is declined, since you are $20 short
b) $20 is charged to your GW funding source, the payment goes through for $30, and you have a $0 GW balance
c) Something else

Thanks, and </offtopic>

Depends, are you using your phone or your Google Wallet Card?

Phone-> Pulls 10$ from your GW balance and 20$ from your sourcing card.
GWC-> fails cause you are 20$ short.

 

[JoeTomasone]

Depends, are you using your phone or your Google Wallet Card?

Phone-> Pulls 10$ from your GW balance and 20$ from your sourcing card.
GWC-> fails cause you are 20$ short.

OK, thanks!