Google Wallet is one of the competing platforms for mobile payments, which not only facilitates online payments, like PayPal, but also deals performed using one's smartphone. Previously suitable with only MasterCard, Google Wallet has been updated to use all credit and debit cards.
Settling issue with Google Wallet
People think that cash and plastic cards will be gone forever soon when smartphone payments start to become the norm. There should be a lot of competition too considering Apple, Google and Microsoft are always fighting over providing the newest technology to consumers.
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 right 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.
One giant leap for mobile payments
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 includes 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 accessible at Sprint. There is one that can be acquired at Virgin Mobile or Sprint. That means your options are limited. In fact, the devices consist of 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.
Other security benefits
The memory on a smartphone no longer stores the data; instead, it is stored on Google's secure servers. That means it is easier to keep away from getting all sensitive info necessary for the purchase hacked. All you have to do is put in your account data for the card on the servers. You may also choose to wipe all financial data off the device with another brand new security benefits.
There are not enough retailers who have terminals that work with the mobile payment products though, which makes it hard to really use Google Wallet. Even if you have a phone that can use Google Wallet, you may have a hard time processing the payment when the retailers do not have the equipment.
Settling issue with Google Wallet
People think that cash and plastic cards will be gone forever soon when smartphone payments start to become the norm. There should be a lot of competition too considering Apple, Google and Microsoft are always fighting over providing the newest technology to consumers.
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 right 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.
One giant leap for mobile payments
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 includes 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 accessible at Sprint. There is one that can be acquired at Virgin Mobile or Sprint. That means your options are limited. In fact, the devices consist of 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.
Other security benefits
The memory on a smartphone no longer stores the data; instead, it is stored on Google's secure servers. That means it is easier to keep away from getting all sensitive info necessary for the purchase hacked. All you have to do is put in your account data for the card on the servers. You may also choose to wipe all financial data off the device with another brand new security benefits.
There are not enough retailers who have terminals that work with the mobile payment products though, which makes it hard to really use Google Wallet. Even if you have a phone that can use Google Wallet, you may have a hard time processing the payment when the retailers do not have the equipment.
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