Google Wallet is one of the competing platforms for mobile payments, which not only allows online payments, like PayPal, but also deals conducted using one's smartphone. Previously suitable with only MasterCard, Google Wallet has been updated to use all credit and debit cards.
Change for Google Wallet
A lot of people are waiting for the moment when mobile payments, utilizing a smartphone, will overtake plastic cards and cash forever. A lot of 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.
Google Wallet is one of the corporations that have mobile payment products that work well right now. It used to only offer the choice to CitiBank debit and MasterCards, according to ArsTechnica, but is has changed its system to work with anything. The mobile payment reader just reads the information on a smartphone and connects it to a bank or credit account. Then, the right amount is taken out. It is a really simple system, and there are only a few out that work right now.
One giant jump for mobile payments
Almost every debit card will be covered with Google Wallet if you need to use it as long as it is Visa, MasterCard, American Express or Discover, according to TechCrunch.
The primary focus of this change is for mobile Google Wallet consumers, who at the moment are few. Google Wallet is only supported on 8 devices, almost all of which are the Samsung Nexus line. In fact, according to Google's list of supported devices, half are Samsung. The remaining four are the LG Viper, LG Optimus Elite, the HTC EVO 4G LTE and the Asus Nexus 7 tablet. Of those devices, five are only available through Sprint. The LG Optimus Elite is available through Sprint and Virgin Mobile.
Safety number one
Google really wanted to keep the personal data save, so it added some safety features. An individual does not have to store any financial info on their phone. In fact, all account information, after entered in, is stored on Google's secure servers rather than in the smartphone memory. This means the data 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 really 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.
Change for Google Wallet
A lot of people are waiting for the moment when mobile payments, utilizing a smartphone, will overtake plastic cards and cash forever. A lot of 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.
Google Wallet is one of the corporations that have mobile payment products that work well right now. It used to only offer the choice to CitiBank debit and MasterCards, according to ArsTechnica, but is has changed its system to work with anything. The mobile payment reader just reads the information on a smartphone and connects it to a bank or credit account. Then, the right amount is taken out. It is a really simple system, and there are only a few out that work right now.
One giant jump for mobile payments
Almost every debit card will be covered with Google Wallet if you need to use it as long as it is Visa, MasterCard, American Express or Discover, according to TechCrunch.
The primary focus of this change is for mobile Google Wallet consumers, who at the moment are few. Google Wallet is only supported on 8 devices, almost all of which are the Samsung Nexus line. In fact, according to Google's list of supported devices, half are Samsung. The remaining four are the LG Viper, LG Optimus Elite, the HTC EVO 4G LTE and the Asus Nexus 7 tablet. Of those devices, five are only available through Sprint. The LG Optimus Elite is available through Sprint and Virgin Mobile.
Safety number one
Google really wanted to keep the personal data save, so it added some safety features. An individual does not have to store any financial info on their phone. In fact, all account information, after entered in, is stored on Google's secure servers rather than in the smartphone memory. This means the data 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 really 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.
No comments:
Post a Comment