Google is planning a checking account and debit card - Business Insider

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Google Card, which bears resemblance to some Apple Card features, could ultimately broaden the use cases for Google Pay

Though Google hasn't confirmed the plans, it also isn't denying them. If the card launches this year, it would represent another entrance by big tech into the card payments space, following Apple Card last summer, and it could serve as a useful way to extend the popularity of Google Pay. to those of Apple Card — indicating that Apple's offering might be beginning to serve as an industry blueprint.

Physical and virtual card. Google will offer both a Visa-branded physical card, which can be used anywhere that accepts Visa payments via chip or Bluetooth contactless, and a virtual offering housed in an undisclosed Google app — likely Google Pay — that can be used to power in-store mobile payments, as well as online and app payments.

Robust security and privacy. Customers will be able to verify transactions with fingerprints and PINs. Additionally, Google looks to be offering card controls for the physical and virtual card, the ability to lock and unlock accounts, and the ability to adjust Google's access to data. Personal financial management. Customers can see a list of recent transactions in the app that includes the seller, date, and price. They can also view these transactions on a map, get directions and contact information to the merchant, and more — enabling robust access to spending history.

Google Card could ultimately broaden the use cases for Google Pay, helping boost adoption of and engagement with the wallet, which has seen relatively sluggish uptake at Debit is popular enough to attract a wider base. With debit already the

 

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