Re: Multiple Wallets

is anybody share the latest link of glossary for wallet, payment scheme,
payment instrument?

in the user's view of payment instrument,
for example, credit card is one of payment instrument.
google wallet(or apple pay) is the container of payment instruments(credit
card and/or more)

I thought that the container is the wallet.

to process credit card payment, users may choose google wallet(or apple
pay..) when merchant accept it.



On Sat, Aug 1, 2015 at 6:50 AM, Brett Wilson <brettw@google.com> wrote:

> On Fri, Jul 31, 2015 at 9:14 AM, David Jackson <
> david.dj.jackson@oracle.com> wrote:
>
>> David has a point here. We are becoming confused in our usage of wallet
>> versus instrument. While it is true that the industry is in part to blame
>> for creating this confusion. As an example, "pay with Google Wallet" should
>> not make sense. It should be "pay with <payment instrument>" which the user
>> "stores" in the Google Wallet. In theory, the user should select which
>> instrument of the accepted ones from the wallet in which it is contained.
>> I'm not certain the standard should "select" a wallet -- the user needs to
>> control that to present a selected payment method from wherever it is
>> stored. I agree with David's point which makes it interesting in the
>> Charter to declare the beginning of the process -- is it discovery of all
>> wallets and payment methods therein? Or is that left to user choice to
>> "present" payment ...
>>
>> I agree with David Singer, but I think you're confused. Google Wallet is
> not a "wallet" as defined by the spec. Google Wallet is a payment
> instrument. The merchant accepts Google Wallet and magically gets paid by
> Google. The transactions might be backed by a bank transfer, a balance in
> the user's account, a debit card, or a credit card. This is opaque to the
> merchant.
>
> (*) There might be some legal restrictions based on what types of
> instruments can be used for which types of transactions. I'm not really
> sure since I don't work in this area. But according to David Singer's
> email, this would need to be expressed as options on the Google Wallet
> payment instrument.
>
> Brett
>
>


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