Posts Tagged ‘Google Wallet’
According to Google, Google Wallet is safer to use compared to credit cards, only if you don’t root your Android device.
Osama Bedier, VP of Google Wallet and Payments, said on the Google Commerce blog, “Google Wallet offers advantages over the plastic cards and folded wallets in use today.
“That’s why in most cases, rooting your phone will cause your Google Wallet data to be automatically wiped from the device.”
This announcement comes after Google’s wireless payment system was hacked. Google Wallet is still not available in the UK, but is said to land in the UK before the London Olympics kicks off. Developers at Zvelo, a security website, revealed that the PIN verification system can be bypassed with rooted handsets. Furthermore, according to another report, Wallet credits could be stolen by stealing the phone, clearing data, and an app reinstallation.
Provisioning prepaid cards has been temporarily disabled by Google, until a permanent fix to the problem has been developed.
Google adds, “Mobile payments are going to become more common in the coming years and we will learn much more as we continue to develop Google Wallet. In the meantime, you can be confident that the digital wallet you carry provides defenses that plastic and leather simply don’t.”
Once Google Wallet does land in the UK, will you be excited to use it on your Samsung Galaxy Nexus or Nexus S, or are you too afraid of the security risks? Give us your thoughts.
NFC payment options are definitely one of the biggest things in mobile phone technology, these days. The technology allows users to flash their phones over at cashiers to pay for goods and services. This is the very reason why Google launched Google Wallet in the US, initially for the Google Nexus S 4G. Since the search giant came up with the feature, will the next generation iPhone get the feature? Eric Schmidt says it will.
According to Eric Schmidt, Google’s executive chairman, their mobile payment service may come with the up and coming iPhone 5, since they are working on porting the service to other platforms and manufacturers. Schmidt says if Apple includes NFC technology into their smartphones, then it would be possible for the Cupertino firm to integrate the service into their handsets. Most manufacturers, including other platforms, are said to be including NFC chips into their handsets. This will make the service available on these handsets by next year.
Since Apple is rumored to include NFC technology to its iPhone 5, Schmidt said at Cannes Lions Advertising festival that they would make the service available for Apple. Other manufacturers such as Sony Ericsson and LG have promised to add the feature to their future smartphones.
When it comes to shops and stores taking on the feature, Schmidt said that stores will make the payment option available to their customers within a year. Furthermore, credit card companies are attracted to the option, since they lower credit card fraud rates.
The chairman said, “I judge that based on how long I think it takes, because the terminals are available now, the software is available now or this summer. How long does it take an infrastructure player to upgrade a significant percentage of their infrastructure? It’s on the order of a year, it’s not a week, it’s not a month but it’s also not five years.”
Google made headlines with the launching of their mobile payment service Google Wallet. However, eBay and PayPal quickly turned the spotlight into a hot seat by waging a legal battle against the search giant. According to the online payment service PayPal and the online auctioning and shopping giant eBay, the search giant has stolen their idea.
This report comes from The Independent. According to the British newspaper, PayPal has devoted 3 years in trying to develop a way to make use of Android smartphones as a method of mobile payments.
During PayPal’s development of the mobile payment method, Osama Bedier was their platform VP, as well as VP for mobile and new ventures. During this crucial process, Google went ahead and pirated the specialist and one of PayPal’s head honchos, Bedier. Osama was pirated by the search giant on January of 2011 to bring the same service he was working on PayPal to Android.
On the 26th of May, Google’s mobile payment service, Google Wallet was launched in a few US states. One of them was New York. Initially, the service allowed customers on the network operator Sprint to make purchases on the Google Nexus S (4G).
Google announced that other Android handsets would also come with the payment service, for the service was based on NFC technology. This was available on the Google Nexus S and the Samsung Galaxy S2. Unfortunately, handsets such as the Motorola Atrix, LG Optimus 2X, and the HTC Sensation did not come with the feature.
The payment option allowed Android smartphone users to swipe their handsets over cashiers to make payments. Currently, the service is available in over 124,000 stores in the US during the launch and will be available in approximately 311,000 stores around the world in the future.
With this information, it is understandable why eBay and PayPal are so enraged. We’ll keep you posted on further developments.