Even users who cleared their Google Wallet app from the device still left behind the prepaid balance on that particular phone because it was stored to the secure element on the device, the company said. Osama Bedier, vice president, Google Wallet and Payments, said in a blog post Friday night that part of the app had been disabled, but that it would be restored once a permanent fix to the security flaw has been found. "To address an issue that could have allowed unauthorized use of an existing prepaid card balance if someone recovered a lost phone without a screen lock, tonight we temporarily disabled provisioning of prepaid cards," he said. "We took this step as a precaution until we issue a permanent fix soon.".
Gartenberg said that it was a good idea for Google to disable this functionality and make sure the security flaw is eliminated before allowing more people to sign up for the app, even though the flaw itself is not a iphone case 7 plus apple major risk, "The perception of security is a big deal when you're trying to get people to sign up for a new service like this," Gartenberg said, "And Google can afford to take time to regroup and make sure the security is nailed down.", Google maintains that security on the Google Wallet is solid, And it claims that using the app can be even more secure than using a regular credit card..
"People are asking if Google Wallet is safe enough for mobile phone payments," Bedier said in his blog post. "The simple answer to this question is yes. In fact, Google Wallet offers advantages over the plastic cards and folded wallets in use today.". Outfitting retailers with NFCBut perceived and/or real security concerns are just one hurdle that Google must overcome to make Google Wallet a success. Six months after Google launched the app, Google still has only one carrier partner, Sprint Nextel. And there are only two devices that are NFC-enabled and Google Wallet-ready, the Samsung Nexus S 4G on Sprint and the unlocked Galaxy Nexus, which can be used on AT&T's 3G network in the U.S.
More devices are expected to be introduced to the market soon, Sprint said it will sell two additional NFC-enabled smartphones that will use Google Wallet in the first half of this year, The new Apple iPhone expected to launch later this year may also have an NFC chip embedded, but there's no telling if it will be able to access the Google Wallet app, Meanwhile, other device makers aren't clamoring to get NFC into their devices, Motorola executive Christy Wyatt said in a recent interview that iphone case 7 plus apple Motorola hasn't added NFC to devices yet because it adds cost and bulk to the smartphones, And since customers haven't been asking for NFC, Motorola has left it out..
Verizon likely put the kibosh on Google Wallet because it is already working on its own mobile wallet app through a joint venture with AT&T and T-Mobile USA called Isis. The group is expected to release its own digital wallet later this year, possibly making a big announcement at Mobile World Congress in Barcelona later this month. But even Isis, which will be supported on multiple carriers and likely across a wide variety of devices, will face another major problem that Google must overcome. And that's getting NFC-ready equipment installed at retail locations.
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