welcome back. i m jake tapper. time for the money lead. if you want to know the next phase in google s plan for world domination look no further than your wallet. the internet giant unveiled an exciting new update to old technology to make it faster and easier for you to exchange money using a virtual wallet. that could spell big trouble for one of the founding fathers of the online payment game. erin mcpike has the story. western union the fastest way to send money. reporter: that used to be true but these days we ve upgraded. google says its new program will let you send money without ever looking up from your e-mail. the search giant introduced google wallet in 2011. google wallet. tap, pay, and save. reporter: to store credit cards and other methods of payment for use when you re standing at a checkout counter or you see something online and want it right away. just scan your phone and the product is yours. all right.