Newest version Google wallet?

[cbbartley]

As part of the new version of Google’s cloud-based wallet is a virtual prepaid MasterCard that sits in the secure element in the phone. A consumer simply loads any MasterCard, Visa, American Express or Discover credit, debit or prepaid card as a funding card into the wallet. Then, when a consumer pays in a store at any MasterCard PayPass location, they are using the virtual MasterCard in the phone – which is linked to their credit or debit cards that are stored in the cloud. This is a win for consumers because they can use their favorite credit or debit card when making a purchase using the virtual prepaid MasterCard.