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Tag: TxVia

  • New Google Wallet Rewards

    Google’s Commerce Blog just announced a promotion regarding Google Wallet, offering free Listerine Pocketpaks to those Google Wallet customers that use the app to make a purchase at participating locations before April 28th. Users of Google Wallet, the virtual pocketbook platform that stores a users credit information – which can be used as a credit/debit card to make real-world purchases, can locate businesses that accept the app in general by checking Google’s ‘where it works‘ page.

    Below is a video of Google Wallet in use:

    Google Wallet also stores a user’s offers and other reward promotions right within the app, and merchants can scan the bar code of the deal or manually enter its number. Wallet also offers Google SingleTap, which is supported by select stores, where one can pay and redeem an offer by tapping their phone once while checking out.

    The Listerine promotion is offered by Johnson & Johnson Healthcare Products Division of McNEIL-PPC, Inc., and is presently redeemable at over 167 Walgreens and Duane Reade locations in New York City.

    In related news, it was recently reported that Google acquired payments technology company TxVia, to reinforce its Wallet app. Osama Bedier, Vice President of Wallet and Payments at Google, stated, “Finding and purchasing products is a big part of day-to-day life – At Google, we’re working to create new ways to improve the commerce experience. We’ve worked closely with TxVia over the last year, and they’re a forward-thinking team that will help us take the next steps in realizing the future of commerce.”

  • Google Acquires TxVia To Bolster Google Wallet

    Google announced last night that it has acquired TxVia, a payments technology company, which will become part of Google Wallet.

    “Since 2008, TxVia has supported the management of more than 100 million accounts,” says Osama Bedier, Vice President of Wallet and Payments at Google. “They’ve partnered with the industry’s best known brands, and their leadership team has played an instrumental role in defining the fast-growing prepaid card segment of emerging payments. In this time, TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way.”

    “Finding and purchasing products is a big part of day-to-day life,” adds Bedier “At Google, we’re working to create new ways to improve the commerce experience. We’ve worked closely with TxVia over the last year, and they’re a forward-thinking team that will help us take the next steps in realizing the future of commerce. We welcome the TxVia team to Google.”

    A message on the TxVia site says:

    For more than 5 years, TxVia has been delivering groundbreaking processing solutions to enable new and increasingly complex forms of payment. We’re delighted to announce that as of April 2, 2012, we are continuing that mission at Google.

    Success in payments requires not only innovative technology and operational excellence but also broad collaboration. As part of Google, we look forward to expanding our partnerships with both the payments industry and a wide variety of other organizations that are pioneering a new era of commerce.

    In related news, one of the original engineers behind Google Wallet just quit Google to go to Square, which has its own digital payments offering in Pay With Square. It’s going to be interesting to watch these two companies, along with PayPal and others compete in this space going forward.