Google tightens grip on smartphone wallets

February 15, 2012
Google on Wednesday assured users of its smartphone wallets that the mobile-age technology thwarts thieves better than old-school cash or credit cards.

Google on Wednesday assured users of its smartphone wallets that the mobile-age technology thwarts thieves better than old-school cash or credit cards.

"Mobile payments are going to become more common in the coming years, and we will learn much more as we continue to develop Wallet," Google payments vice president Osama Bedier said in a blog post.

"In the meantime, you can be confident that the you carry provides defenses that plastic and leather simply don't."

A Google Wallet feature that lets people load prepaid card information in smartphones for spending was re-activated this week after being shut off for a few days to fix a potential security vulnerability.

"While we're not aware of any abuse of prepaid cards or the Wallet PIN resulting from these recent reports, we took this step as a precaution to ensure the security of our Wallet customers," Bedier said.

The action from Google came after a Zvelo Labs researcher demonstrated software that quickly figures out a Wallet (PIN), provided the crook has the smartphone.

The researcher dismissed the threat of hackers picking Google Wallets remotely, explaining that physical access is needed to get priority access to controls in a process called "rooting."

Security specialists advise Google Wallet to enable such as full-disk encryption and screen locks.

Google Wallet is available only on Nexus S and Galaxy Nexus smartphones. Google plans to expand the feature to more Android phones.

Google Wallet uses a near field communication chip embedded in a phone to allow a user to "tap-and-pay" for purchases at a checkout register equipped with the PayPass system from CitiMasterCard.

Customers can also use a Google Prepaid card to pay for purchases, topping up the Google card with any payment card, and take advantage of Google Offers, the Mountain View, California-based company's online discount .

In addition to allowing for , Google Wallet allows consumers to pay using gift cards and to redeem promotions such as discounts or coupons.

Explore further: Google launches trial of tap-to-pay phone system

Related Stories

PayPal letting Google phones swap cash

July 13, 2011

Online financial transactions giant PayPal on Wednesday showed off a mini-program that lets people exchange money by touching together a pair of Google smartphones.

Recommended for you

US ends bulk collection of phone data

November 30, 2015

The US government has halted its controversial program to collect vast troves of information from Americans' phone calls, a move prompted by the revelations of former intelligence analyst Edward Snowden.

How can people safely take control from a self-driving car?

November 30, 2015

New cars that can steer and brake themselves risk lulling people in the driver's seat into a false sense of security—and even to sleep. One way to keep people alert may be providing distractions that are now illegal.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.