A new report and leaked images reveal that Google is developing a similar product tentatively called “Google smart debit Card.” Google is walking in Apple’s footsteps as it is said to be expanding its virtual and debit cards. The Google Card, payment card will let customers make purchases on stores.
One of the surprising “tech” product launches last year was the Apple Card. The company pitched it as a way to help Apple customers make smarter financial decisions through the help of a more intuitive app. The Apple Card has some exciting ideas, but it’s just a cash-back credit card. Many of the concepts are identical to the Apple Card, but the Google Card is a debit card. It’s a physical card that also exists as a virtual card in Google Pay, just like any other card you’ve added.
The big difference between the Google Card and some other credit/debit card will be integrated and detailed financial tracking. Like any debit card, the Google Card will tie to checking account. Users will be able to access this account to check their balance, track purchases, add money, lock it, and other features in a new Google app. The card will be co-branded with bank partners such as CITI and Stanford Federal Credit Union.
Leaked images give us a look at some of the other details. The physical card itself is white with the logo of the partnered bank and Google. We can see that it’s a chip card on the Visa network, but there could be other networks included. The card design (may not be final) also features a strange blue and green dot pattern. The app will show recent transactions with merchant and date details. Since this is Google, there will be a wealth of information available as well. You will be able to see the location of the purchase on a map.
If a card is lost or foul play is suspected, the user can lock the card immediately from the app and order a replacement. The virtual card will remain active as it has a different number than the physical card so that you won’t be entirely out of luck. If the virtual card is the card in question, the user can rest it quickly. There is no information about the timeline when it will launch. For more technology news click here.