Google Wallet is one of the competing systems for mobile payments, which not only facilitates online payments, like PayPal, but additionally transactions conducted using one's smartphone. Previously suitable with only MasterCard, Google Wallet has been updated to use all credit and debit cards.
One small step for Google Wallet
Apple, Google and Microsoft appear to be battling for the chance to rule the planet with their electronics. That is why they are anticipated to battle a lot over offering the product that gets rid of plastic cards and money forever in place of a smartphone. There are people waiting for that day to take place.
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 appropriate amount. There are only a couple competing products, 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.
Brand new system
Google Wallet, according to TechCrunch will now works with each and every credit 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 involves just about every debit card in existence.
Google Wallet users will appreciate the change, though there are not very many of them at this point. Of the 8 devices that currently support Google Wallet, 5 are only available at Sprint. There is one that can be bought at Virgin Mobile or Sprint. That means your options are limited. In fact, the devices contain four from the Samsung Nexus line. The other ones contain the HTC EVO 4G LTE, the Asus Nexus 7 tablet, the LG Viper and the LG Optimus Elite.
Making it secure
Google really wanted to keep the personal info save, so it added some safety attributes. A person does not have to store any financial data on their phone. In fact, all account data, after entered in, is stored on Google's secure servers rather than in the smartphone memory. This means the info will be much more protected and will be harder to hack.
However, one issue with mobile payment systems are that only a few retailers have terminals with NFC readers, so there are not too many stores one can actually use Google Wallet in. At the moment, the few devices that can use it can only be used in one of the few stores that can process the payment.
One small step for Google Wallet
Apple, Google and Microsoft appear to be battling for the chance to rule the planet with their electronics. That is why they are anticipated to battle a lot over offering the product that gets rid of plastic cards and money forever in place of a smartphone. There are people waiting for that day to take place.
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 appropriate amount. There are only a couple competing products, 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.
Brand new system
Google Wallet, according to TechCrunch will now works with each and every credit 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 involves just about every debit card in existence.
Google Wallet users will appreciate the change, though there are not very many of them at this point. Of the 8 devices that currently support Google Wallet, 5 are only available at Sprint. There is one that can be bought at Virgin Mobile or Sprint. That means your options are limited. In fact, the devices contain four from the Samsung Nexus line. The other ones contain the HTC EVO 4G LTE, the Asus Nexus 7 tablet, the LG Viper and the LG Optimus Elite.
Making it secure
Google really wanted to keep the personal info save, so it added some safety attributes. A person does not have to store any financial data on their phone. In fact, all account data, after entered in, is stored on Google's secure servers rather than in the smartphone memory. This means the info will be much more protected and will be harder to hack.
However, one issue with mobile payment systems are that only a few retailers have terminals with NFC readers, so there are not too many stores one can actually use Google Wallet in. At the moment, the few devices that can use it can only be used in one of the few stores that can process the payment.
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