Google Smart Debit Card: As per to a recent report from TechCrunch, Google has been reportedly testing its own Google-branded smart debit card that is going to help the customers for making as well as tracking purchases that can be made online or in the stores.
The project is likely to be a new centrepiece for the current Google Pay system from Google, which is at present only does online as well as peer-to-peer payments by adding a physical debit card that may possibly be used for an extensive range of purchases. The presence of the expanded debit card would let the Google be more suitable to keep the track of payments as well as purchases, along with that it will also offer the company with valued perception on consumer spending.
The app from Google reportedly is going to let the customers to certainly track purchases which will consist of leveraging tools such as Google Maps along with its huge database of retailers for contacting or navigating a formerly visited store. On the other hand, customers are also going to be able to use the Google Pay app for locking their card in the event of theft or loss or else lock the account completely.
As of now, Google’s debit card seems to just be a more suitable and more possibly to be the secure face on current debit card available options from the banks. The report from TechCrunch doesn’t seem to specify whether Google is going to be offering any perks or any kind of benefits to use its system, such as the several cashback offers of Apple Card, or else even if customers are going to get any discounts for using the Google-branded cards for purchasing Google products as well as services.
It is reported that the users of this card can get access to their account balance, transaction statements, as well as the ability to block the card. The card will come with several features which will be quite similar to Google pay. In addition to that, it combines a few other benefits such as the users can effortlessly track the purchases. It consists of Google maps and its huge database of retailers to contact or else simply to navigate an earlier visited store.
However, the report from TechCrunch also doesn’t mention when the company is planning to launch the debit card or if the test is ever going to get a full consumer release or not. Additionally, the company did release a statement to TechCrunch that note, “We’re exploring how we can partner with banks and credit unions in the US” for offering smart checking accounts via Google Pay, assisting their customer’s advantage from suitable and worthwhile insights as well as “budgeting tools, while keeping their money in an FDIC or NCUA-insured account.” The note further added, “Our lead partners today are Citi and Stanford Federal Credit Union” along with that “we look forward to sharing more details in the coming months.”