Google Wallet is one of the rivaling systems for mobile payments, which not only facilitates online payments, like PayPal, but also transactions conducted using one's smartphone. Formerly suitable with only MasterCard, Google Wallet has been modified to use all credit and debit cards.
Moving forward at Google
Many people are waiting for the moment when mobile payments, utilizing a smartphone, will overtake plastic cards and cash forever. Some people are also expecting that rivaling hordes of robotic terminators will be unleashed by Apple, Google and Microsoft to battle for supremacy and the victors will become overlords of the earth, and will subjugate mankind.
However, on the mobile payment front, the issue is settled that near-field communications are the standard for mobile payments. A mobile payment reader "reads" a chip embedded on a smartphone, which is tied to a bank or credit account. The payment deducts the right amount. There are only a couple rivaling systems, one of which is Google Wallet, Google's mobile and online payment system. Formerly, it only worked with CitiBank debit and MasterCards, according to ArsTechnica, but now it works with any and every card there is.
Really good for future of mobile payments
Google Wallet, according to TechCrunch will now works with each and every charge card and each and every debit card there is, so long as it is a Visa, MasterCard, American Express or Discover debit card. However, that includes just about every debit card in existence.
There are not a ton of Google Wallet users right now, but the change was for them. About half of Google's list of supported devices is Samsung. Other devices that will support Google Wallet consist of the Asus Nexus 7 tablet, the LG Viper, the LG Optimus Elite and the HTC EVO5G LTE. There will be 8 devices used total. Sprint and Virgin Mobile have the biggest advantage because most of those devices are only accessible through them.
Other security attributes
The memory on a smartphone no longer stores the data; instead, it is stored on Google's secure servers. That means it is easier to keep away from getting all sensitive information necessary for the purchase hacked. All you have to do is put in your account data for the card on the servers. You can also choose to wipe all financial information off the device with another new security benefits.
There are not enough retailers who have terminals that work with the mobile payment products though, which makes it hard to really use Google Wallet. Even for those who have a phone that can use Google Wallet, you might have a difficult time processing the payment when the retailers do not have the equipment.
Moving forward at Google
Many people are waiting for the moment when mobile payments, utilizing a smartphone, will overtake plastic cards and cash forever. Some people are also expecting that rivaling hordes of robotic terminators will be unleashed by Apple, Google and Microsoft to battle for supremacy and the victors will become overlords of the earth, and will subjugate mankind.
However, on the mobile payment front, the issue is settled that near-field communications are the standard for mobile payments. A mobile payment reader "reads" a chip embedded on a smartphone, which is tied to a bank or credit account. The payment deducts the right amount. There are only a couple rivaling systems, one of which is Google Wallet, Google's mobile and online payment system. Formerly, it only worked with CitiBank debit and MasterCards, according to ArsTechnica, but now it works with any and every card there is.
Really good for future of mobile payments
Google Wallet, according to TechCrunch will now works with each and every charge card and each and every debit card there is, so long as it is a Visa, MasterCard, American Express or Discover debit card. However, that includes just about every debit card in existence.
There are not a ton of Google Wallet users right now, but the change was for them. About half of Google's list of supported devices is Samsung. Other devices that will support Google Wallet consist of the Asus Nexus 7 tablet, the LG Viper, the LG Optimus Elite and the HTC EVO5G LTE. There will be 8 devices used total. Sprint and Virgin Mobile have the biggest advantage because most of those devices are only accessible through them.
Other security attributes
The memory on a smartphone no longer stores the data; instead, it is stored on Google's secure servers. That means it is easier to keep away from getting all sensitive information necessary for the purchase hacked. All you have to do is put in your account data for the card on the servers. You can also choose to wipe all financial information off the device with another new security benefits.
There are not enough retailers who have terminals that work with the mobile payment products though, which makes it hard to really use Google Wallet. Even for those who have a phone that can use Google Wallet, you might have a difficult time processing the payment when the retailers do not have the equipment.
