With the long-rumored commercial release date for Google Glass fast approaching, we’ve recently seen an uptick in activity from financial services firms keen on keeping pace with the wearable technology curve. Nearly six months after Fidelity made headlines by being the first major brokerage to unveil investing-oriented Glassware (“Glassware” is the term used to describe an app explicitly designed for Google Glass), Discover and Wells Fargo have each launched their own Glassware, making the firms the first credit card issuer and bank, respectively, to make a public foray in the wearable tech space.
While Discover has made its Glassware readily available to account holders with early access to Google Glass, the Wells Fargo application remains available only for internal testers to the best of our knowledge. Discover’s Glassware currently offers Quick View and Recent Transaction cards as well as push alerts. Wells Fargo seems to be taking a similar approach, as Miranda Hill, vice president and product management manager for Wells Fargo Labs, described their Glassware to the Wall Street Journal as designed mainly to “monitor their cash flow.” In both cases, customers are provided with limited, if any, actionable functionality and instead play a passive role when interacting with their financial institution’s Glassware.