Google Wallet Launches, To Support Other Credit Cards in the Future
September 20, 2011 8:34 AM
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Google Wallet currently only supports Citi MasterCards and Google Prepaid cards, but will support Visa, Discover and American Express eventually
launched its near field communication (NFC) venture
"Google Wallet" yesterday, and unleashed another bit of news: support for additional credit cards is on the way.
, which was announced in May 2011, is a mobile payment system that allows users to store credit cards, gift cards, loyalty cards and offers in their Android-powered device. They then pay for every day items by simply tapping the phone at a PayPass-enabled checkout, eliminating the need for cash and credit cards.
Google Wallet is available only for the Sprint Nexus S for now, since Google partnered with Sprint, Citi, MasterCard and First Data for the venture. AT&T, T-Mobile, etc. Nexus S users will have to wait an unspecified amount of time before it will become available for them.
Also, Google Wallet currently only supports Citi MasterCards and Google Prepaid cards. But with the launch of Google Wallet today, the tech giant also noted that it will support Visa, Discover and American Express in the future.
While only a limited number of users will be able to use the app initially, Google is encouraging early adoption of Google Wallet by Sprint
Nexus S users
by rolling it out automatically (eliminating the need for downloading it from the Android Market) and throwing in $10 on a Google Prepaid card to those who try it out before the end of the year.
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How could this possibly go bad?
9/20/2011 12:31:53 PM
It may offer convenience but the ramifications frighten me when it comes to security.
RE: How could this possibly go bad?
9/22/2011 8:37:37 AM
PayPass in general seems like a bad idea from a security standpoint.
Why does the need for convenience outweigh commonsense? How many phones are lost or stolen daily? I would also wonder if adding your card to this somehow voids the coverage against unauthorized charges.
"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il
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