Square's Card Case app turns smartphones into virtual credit cards

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
credit card

The dream of turning a smartphone into a credit card is rapidly becoming a reality. Google might be the first to take the leap with its new Google Wallet app, but it certainly isn't the only company that will soon be providing smartphone users with a way to turn their mobile phones into credit cards. Square has announced that it is deep in development of a new credit card app, Card Case, that runs on Apple tablets and Android smartphones.

Payment information stored as "tabs"

How does this differ from the Google Wallet app announced earlier in the week? Unlike Google Wallet, which can be used with only specific payment cards at this time (Citi MasterCard or prepaid Google card), Card Case can store processing information for a variety of cards - but that's not all it does.

Rather than acting as a direct credit card payment app, Card Case is considered a "tab" application - it stores credit card information connected with individual tabs or accounts registered with a customer's favorite merchants. Anytime a Card Case customer shops at a participating store or restaurant where they have an account, the merchant can pull up their "tab" and put payment on the credit card registered to that Card Case account.

Never carry cash or plastic again

As long as customers have their smartphones at their sides, there may soon be no need to carry cash or credit cards. Despite some concerns about the security of the financial information stored in these apps, Square and Google - among others - may soon take over the payment industry, if they have their way.

Does this mean the end of the credit card era? Not by a long shot. If the top rated credit cards were to go out of business tomorrow, there would be no financial information to enter in your Card Case or Google Wallet account - and no purpose to these new apps. The manufacturers of the plastic cards themselves may have more to worry about.


0 Responses to "Square's Card Case app turns smartphones into virtual credit cards"

No Comments

Leave a Comment
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here


Featured Partner Cards