Google Wallet is a great idea - in theory. In practice? The service has been plagued with problems; slow adoption, a lack of NFC devices, the existence of ISIS generally, and a public image crisis after security concerns. The biggest problem, though, has been the decided unwillingness of carriers (except Sprint) to support it.
That's because everyone but Sprint is banking on Isis, which has over $100 million in financial backing from the likes of Verizon, AT&T, and T-Mobile. Read More
Mobile payment providers. Yeah, I'm already getting a little sleepy thinking about them, too. Let's face it, they're not the most exciting topic in the world, but whenever we talk about how people spend their money, you know there are lots of companies out there eagerly eying the potential of various new payment technologies with great interest. Among such companies are cell phone carriers, and the reason why should be obvious: smartphones with NFC are ideal platforms for next-generation payment systems. Read More
Following the discovery of two security exploits within Google Wallet, the Vice President of Google Wallet and Payments, Osama Bedier, released a statement reassuring readers that Google takes "concrete actions" to protect its users. The statement further indicated that, in response to Wallet's security scare, Google has put prepaid card provisioning on hold, at least until a permanent fix is issued (which should happen "soon").
Update 2/14/12: Prepaid card provisioning has been restored:
Yesterday afternoon, we restored the ability to issue new prepaid cards to the Wallet.
Yesterday, a security firm called zvelo demonstrated a vulnerability within Google Wallet, cracking its PIN verification system using brute force, giving Wallet access to anyone who had the exploit. It was also revealed that the hack only worked on rooted devices, and Google swiftly reported that a fix for the bug was already being worked on.
Adding to Google Wallet's security worries, a new hack was posted online today, claiming to give access to Google Wallet (sans PIN) on non-rooted devices, requiring just a few steps to gain user information (and funds). Read More
Yesterday, a Google representative confirmed that the upcoming Verizon Galaxy Nexus will not support Google Wallet, Google's NFC payment service. The news was disappointing - it is a Google phone after all, but understandable to a degree, since Verizon Wireless is part of the competing Isis consortium, which also partners with AT&T and T-Mobile.
Verizon Wireless, however, today posted a statement and wants everyone to know that it isn't blocking Google Wallet (they actually say "Verizon does not block applications" - orly?). Read More
In a rather unfortunate bit of news regarding Verizon's Galaxy Nexus, a rumor that the device will not have support for Google Wallet has been confirmed.
A Google spokesperson confirmed to Computer World today that the hotly anticipated Nexus device won't support Google's burgeoning NFC-based mobile payment system, but gave no word as to why Verizon decided to forego the service.
Verizon's decision could have something to do, however, with Isis – a consortium comprised of VZW, AT&T and T-Mobile, who have paired with four major credit card companies to form their own NFC-based payment venture. Read More
A couple of weeks ago, the whole tech world was abuzz with the official launch of Google Wallet, a revolutionary new service that looks to replace your tired old credit cards in lieu of your Android-powered smartphone. As great as that sounds, there is one small problem: it's only officially available on one device - the Nexus S 4G on Sprint.
While NFC hasn't been widely adopted in the smartphone market yet, the NS4G wasn't even the first device to pack the appropriate hardware -- it was actually T-Mobile's Nexus S (which is the same as AT&T's Nexus S). Read More
I'm not an attorney. This is not legal advice.
The PayPal and Google lawsuit is just another one of Google's seemingly endless big-name legal tangles over the last couple of years. Why is Google litigation such a frequent topic?
At least in part, it's because Google has one of the most aggressive stances towards litigation of any member of the tech industry. Google's reputation for taking its battles to court has become almost notorious (well, except for the "Buzz" incident) - regardless of cost or, sometimes, likelihood of victory. Read More
A few days ago, we told you that Google was most likely going to announce a mobile payment service using NFC. Today, that announcement is official, and it's called Google Wallet. Wallet is exactly what the name suggests: a payment service that aggregates all of your credit cards, coupons, loyalty cards, and more, into your Android phone. You can then not only use your phone to pay, but it will also enter your customer loyalty information automatically, as well as redeem any coupons that are loaded into your Wallet using NFC (near field communication). Read More