Google Developing Debit Cards to Rival Apple’s

TechCrunch obtained images of the new Google Card which will be available in a virtual and physical form much like Apple’s; the card will be co-branded with different bank partners, including Citi and Stanford Federal Credit Union; the Google Card could unlock new revenue streams for the company and new ways for them to use data by understanding what people buy; it will be a chip card on the Visa network, though they could also support Mastercard, with fingerprint and PIN for security; all transactions will feature merchant name, date and price where the user can turn the card on or off if they notice a incorrect transaction; the move by Google into checking accounts and debit cards could help them find a new product that sticks as they have seen other ventures fail. TechCrunch

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