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Introducing 'Wallet' by Google for NFC devices

Written by Andre Yoskowitz (Google+) @ 27 May 2011 1:29 User comments (4)

Introducing 'Wallet' by Google for NFC devices Google has introduced their "Wallet" automatic mobile phone payment system today, turning NFC-enabled devices into credit cards.
Users with Android devices will be able to pay for groceries or other items by waving their phones in front of NFC readers.

Google, alongside launching their daily deal site Google Offers, says it envisions Android devices eventually being a "personal financial hub" for coupons, loyalty points, payments, receipts and more.

As a way to not scare the credit card firms, Google will not take any share of the fees generated from Wallet payments, instead relying on added revenue from traffic, ads and Google Offers.

Wallet will launch over the summer, with trials starting sooner in NYC and San Francisco. A few of the retailers that will soon accept mobile payments are Macy’s, Subway, Walgreens, Toys “R” Us, Bloomingdale’s and Guess.

As with physical credit cards, users have zero liability if there are fraudulent purchases and users need a PIN number to access the app, meaning the chip can't be accessed by hackers.

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4 user comments

127.5.2011 2:24
staciesilva
Unverified new user

"Printapons" features daily a deal a day on the best things to do, see, eat, and buy in your local city and a variety of other cities across the United States.

227.5.2011 5:29

sweet


GIGABYTE 78MT-USB3 MOBO. AMD FX 6350(6)CORE 3.9 GHZ UNLOCKED STOCK. AMD OVERDRIVE. 4.2 GHZ overclocked. 24 GIG DDR3 1600 CRUCIAL BALLISTIX SPORT RAM. 1 INTERNAL LG BLURAY BURNER.1 LIGHTSCRIBE DVD BURNER. 1 3TB INTERNAL HDD. (3)1 TB EXTERNAL. WINDOWS 8 64 BIT. STARTMENU 8. LOGITECH 7.1 SURROUND

327.5.2011 12:58

Stupidest idea EVER........Anyone that buys into this security nightmare is an insecure fool. NFC has a sh*tstorm of breachable flaws. Have fun people. Use your phone, lose your phone and your fuc*ed......or stand near someone with a reciever at less tha 20cm away.

Hate to say this people but credit cards are here for AT LEAST another 20 years, if not 40

427.5.2011 15:23

Originally posted by hearme0:
Stupidest idea EVER........Anyone that buys into this security nightmare is an insecure fool. NFC has a sh*tstorm of breachable flaws. Have fun people. Use your phone, lose your phone and your fuc*ed......or stand near someone with a reciever at less tha 20cm away.

Hate to say this people but credit cards are here for AT LEAST another 20 years, if not 40
That would be true regardless of wallet's security issues.

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