Google is launching their own payments framework: Android Pay

[Victorious Secret]

 

The long and short of Android Pay isn't exactly like Samsung Pay int he sense of having a payment method, but rather offering up an entire framework akin to how Apple has setup Apple Pay - allowing developers to design apps with secured transactions in mind and giving them access to the tokenized system that already exists. Think of it this way, Samsung Pay is just the answer to "how can customers pay" while Android Pay is going to be the entire underlying system of APIs for everyone to hook into and use. 

 

 

 

Google will be taking what's become standard measures for mobile payments, including tokenized card numbers for secure one-time transactions (if a retailer where you've shopped using Android Pay is compromised, the crooks get a one-time-use number that's no longer any good). Card data is stored locally, so you'll be able to use Android Pay even if you don't have a cellular connection available. In these ways it's much more like the Apple Pay system you'll find on the iPhone 6. There's no denying that the push that Apple and banks have put behind Apple Pay has lit a fire underneath the collective industry when it comes to consumer awareness of mobile payments.

 

The choice to go with an API means that Google's making it possible for other developers and manufacturers to build Android Pay more easily into their apps and systems. Google Wallet isn't even going away — it's going to leverage Android Pay as a payments source. Android Pay will work over NFC, and will eventually support biometric security measures (such as fingerprint scanning). As for the just-announced Samsung Pay for the Samsung Galaxy S6? That's something else entirely, Pichai said, but Google intends to work with Samsung to see how they can align the two products, but they're not looking to oust it as an option: "Users love choices."

 

http://www.androidcentral.com/google-launching-their-own-payments-framework-android-pay

[Doobeedoo]

This seems great if they manage to implement it well and make it easy for developers. Hope we won't see users suffer from some unsecure nonsense.

[Poohy14]

Didn't Google have this for a long time already for one time transactions but I just never got off the ground with really no one using it?? 

[soaringchicken]

Yep, Google had this before, but it failed. Now that Apple has made it popular, Google can now leach off of its success.

 

Apple Fanboys~ "Android just copies Apple!".