The rumors about the Google Wallet Card have not been greatly exaggerated. TechCrunch discovered the Google's Help section on its Wallet website reveals devices running Android 2.3.3 will be able to utilize an app in conjunction with the physical payment card program once it's launched. The site specifically states those devices are "eligible to download the Google Wallet app for use with the Google Wallet card."

This news come hot off the heels of last week’s rumors that the search giant had a physical payment card in the woodworks. Screenshots obtained by Android Police show an Android app that allows users to sign up for the card and assign it to a primary payment account the user sets up in Google Wallet. The Google Wallet Card would essentially replace any credit or debit cards, and it’s possible that it could handle transit payment cards.

While Google Wallet's Term of Service actually refer to a "Google Wallet Virtual Card," it's important to note this is in reference to the "contactless payments" system, not a physical payment card.

When the Google Wallet Card launches, it will be an easy way for Android users without NFC chips (a group so far left out of the virtual payment club) to join in. This is also a way for Google to get its Wallet payment system out into the mainstream, without requiring everyone to buy into its mobile ecosystem.