In our opinion, the one big factor that limited the appeal of Google Wallet was the fact that it has only been compatible with CitiBank MasterCard. Not exactly something that the masses have in their wallets. Today, that changes, as Google has announced that Wallet is now compatible with all Visa, MasterCard, American Express, and Discover debit and credit cards. That's progress!
Also added is a remote wipe feature that allows users to disable Google Wallet remotely, blocking usage of the app with that device and clearing off card and transaction data as well.
You can now use Google Wallet to pay at over 200,000 locations across the US. You can download the new update today from Google Play.
Read More | Google Play
We can’t say enough about the love we have for what the folks over at Square are doing. In a nutshell, they are bringing credit card processing to the masses by way of connected smartphones (like iPhone and Android devices) and iPads as well. You download the free app and sign up, and they send you a free credit card reader that hooks into the audio jack on your device. From there, whether you are a big business, small coffee shop, a seller at the flea market, or just wanna collect half the check from your friend after dining out, you can can accept a credit card payment right on your phone. The video above explains it way better than we can, but the news here is that Square is now available for iPhone and iPad, as well as Android.
Read More | Square app
Remember that awesome iPhone credit card processing device from Square that we told you about a few weeks ago? Well, Kevin Rose just put up a video showing the Square app and iPhone hardware in action. Give the video above a look, as it’s definitely pretty slick. However, we’d love to see them make that credit card dongle a bit more stable before launch. The product is still in beta, but we can’t wait to see this go mainstream.
Read More | Kevin Rose
New iPhone credit card payment service SquareUp has finally been unveiled, and we’ve gotta say, it’s got our attention. The brainchild of Twitter co-founder Jack Dorsey, SquareUp aims to be a simple, sleek, inexpensive, and charitable credit card payment processing service. It works on the iPhone and iPod touch, in conjunction with a credit card reader that plugs in to the audio jack. You get payer verification, receipts that can be sent via email or text message, and receipt signing using your finger. Even cooler, in our opinion, is that Square will donate one penny of every transaction to a charity of the seller’s choice.
If Square plays their cards right, they will be a force to reckon with in the small business arena. The service is in limited beta right now, but Square says it’ll be fully open in 2010. We’ll see if we can’t get a beta account to give you a better look at how it all works.
Read More | SquareUp
Need some help with your finances and find that your old system is outdated or to complicated? Try Mint, the free online finance wizard that can take all your checking, savings, and credit card accounts and keep track of what your are spending, create a budget, and let you know if you are overdrawn or have upcoming bills. It also tells you if your APRs are too high and will help you to find a better card. If you are not sure that Mint is safe to use, check out their security features.
Read More | Mint
For anyone that just can’t get the hang of their finances, Veronica Vail has designed a handheld Digital Wallet that dispenses with the need for cash, checks, or credit cards. It will track your earning and spending and devise ways for you to save. You can monitor your account, track investments, and make credit card payments. Fingerprint identification is used to access the information and make your payments so no one else can check out your private business matters. Still a prototype, we wonder if it could figure out a way to get us that money in the first place before we invest.
Read More | Yanko