updated 10:21 am EDT, Fri May 10, 2013
Google Wallet Card could have acted as credit card proxy
Google is dropping its proposals to augment its Google Wallet payment system with a physical card, ahead of changes expected to be announced at Google I/O, according to reports. The news comes at the same time as the head of Google Wallet itself, Osama Bedier, will be leaving the company to pursue "other opportunities."
Sources of All Things D claim that the culling of the card was announced in the Bedier exit memo, with the halting of the card's development being odd considering it has been built into an update for Google Wallet, with the search company set to demonstrate it at the event. It is suggested that an underwhelming test of the system last week forced Google CEO Larry Page to shutter the card's development.
The Google Wallet Card would have tied into a Google Wallet account, effectively replacing the credit cards already attached to the account. By using the card, it would work around the lack of NFC payments on some phones, while also allowing users to make payments in a manner that they are accustomed to with existing cards. By being a conduit for the payment information as it passes to credit card companies, it would allow Google to be able to reward its customers with various rewards and bonuses, something the company still plans to do in the update without the additional proxy card.
Osama Bedier joined Google in 2011, moving over from eBay. The switch over forced eBay into suing Google, claiming Bedier and others fed confidential information from PayPal to Google in order to create the payments system, along with allegations that he tried to poach PayPal employees.
"We can confirm that Osama Bedier has decided to leave Google this year to pursue other opportunities,""said Google in a statement received by Venture Beat, continuing "He's achieved a lot during his time here, and we wish him all the best in his next endeavor." Despite his departure, Google will continue developing its payment system, stating "Payments are a big part of what people do every day, and we're committed to making them easier for everyone."