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Save to Wallet feature for Google Wallet also introduced at Google I/O

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by 2 years ago
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While we focused mostly on the announcements related to Google’s new flagship products during and after Google I/O – Google Nexus 7 and on Android 4.1 Jelly Bean – these weren’t the only new things that came out of the developer conference. In our initial Google I/O preview, we said we expected Google to unveil its rumored Google Wallet 2.0 mobile payment solution, especially considering that Apple has just announced a new iOS app called Passback, which could the company’s first steps into this business, not to mention that Microsoft unveiled a Wallet Hub of its own for Windows Phone…

Researcher develops Android app that can steal credit card information via NFC

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by 2 years ago
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Images_of_Money/Flickr German security researcher Thomas Skora has developed an app that can read the details off a contactless credit / bank card using an NFC-enabled (near field communications) handset. The app, which appeared briefly in Google Play before Google removed it, can read the card number, issue date, expiry date, and bank code from contactless cards. Skora was only able to test his app using German PayPass Mastercards, but it is also believed to work on Germany’s popular GeldKarte. However, the technology behind the different cards is very similar, and if he managed it with one bank’s card then it is probably possible with them…

Google working on Wallet 2.0, Sprint moves on with their own payment system

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by 2 years ago
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Admit it, we all feel slightly annoyed when the person in front of us at the checkout line pulls out cash from their wallet. We are living in a day and age when paying with “plastic” has become the norm. An even simpler solution that is slowly gaining popularity is the option to pay via smartphone. All you have to do is scan the device at checkout, which has your credit card or debit card information pre-loaded, and you’re done! Of course, it took a long time for the general population to accept card payments as a viable option as well,…

Mobile payments to take off in Canada by the end of 2012

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by 2 years ago
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In a previous article we published a few days back, we talked about how smartphone payments are expected to replace cash and credit cards as the main payment method by the end of this decade. Following up, if a recent report from Reuters is to be believed, Canada is poised to be there first, as the invasion of smartphone payments is expected to commence there as soon as by the end of this year. According to Reuters, Canada is currently the leader in developing smartphone payment methods, a title won thanks to the high number of retailers and smartphone owners…