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Summary:

Barclaycard US is the latest card issuer to back Google Wallet. The company also backs Isis, the mobile payment joint venture between Verizon Wireless, AT&T and T-Mobile, illustrating that not even the traditional banking companies know yet which mobile payment standard will be successful.

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U.S. consumers with a Barclaycard have another payment option in their Google Wallet account. On Thursday, the Wilmington, Del., financial institution announced it would enable its cards for Google’s mobile payment system that lets purchasers pay with their NFC-enabled smartphone at 200,000 retail locations. Barclaycard US co-brands its credit cards with specific retailers and says that L.L.Bean and US Airways will the first audience gaining Google Wallet support.

This news shows that not even the credit card companies have figured out yet which mobile payment standard will eventually be adopted. Like other major card providers such as MasterCard and Visa, Barclaycard is supporting both Google Wallet and Isis, which is a payment system created by Verizon Wireless, AT&T and T-Mobile. Barclaycard announced Isis support this past February, alongside Chase and Capitol One.

Of course, neither wireless payments system, which use near-field communications chips, is a guaranteed winner. The lack of an NFC chip in Apple’s new iPhone 5 suggests that mainstream consumers may opt for app-specific payments — such as that found in the Starbucks app — or through Apple’s new Passport app in iOS 6, which currently supports digital coupons and loyalty cards.

  1. I think Apple is playing this the right way. Waiting for a better standard. It might be bluetooth 4 or just better bank interfaces. But the potential to steal from someone is tremendous.

    Walk by them and get their financial info and boom, you have their money. Its being done with passports and their chip.

    Crooks have lots of time and plenty of incentive to steal. Banks and cell phone makers are just worried about selling more phones so they really are not so worried about keeping your data safe. (think different,?? witness all the banks and other companies that get hacked and their financial data stolen. NOT their problem they say,…. change your password… :-( )

    Just a thought for friday.

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