Google unveils safety measure for their upcoming mobile wallet

Google

As mobile commerce continues to generate hype, concerns regarding security abound. Electronic payments have always carried an inherent threat, most often exemplified in identity theft, but NFC-power mobile payments present new risks. While the companies developing NFC-enabled payment platforms insist that such systems are secure, there has yet to be any evidence backing these claims. Google is the first company to show just how serious they are when it comes to security by announcing that their Google Wallet product will be equipped with a fingerprint sensor. After unveiling the plans…

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PayPal and Google predict tremendous popularity of NFC mobile payments

Mobile Payments

Both PayPal and Google executives are adamant that near-field communication (NFC) technology enabled mobile devices will lead to tremendous successes with mobile payments. According to executive chairman Eric Schmidt of Google, he anticipates that within the next twelve months, one third of all retail store and restaurant checkout terminals will have been upgraded in order to be able to receive NFC mobile payments by way of their customers’ mobile devices. He stated that “I judge that based on how long I think it takes, because the terminals are available now,…

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Google reaches out to business owners

Google

  Google makes a bold move to interact with local small and medium businesses; in person. Not through the help forum or a mailed ad campaign, but actually in person, shake hands, let’s sit and talk. This shows that Google is getting it. People need to put a face with a service; we still need a certain level of human interaction.   Anyone who uses Google (or used to use Google) knows how hard it is to get help from a live person. Google’s head of local consumer marketing has…

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Make it, chip it and ship it – New NFC phones coming faster than we think!

A recent report shows that mobile payment technology may be here sooner than we think. Radio Frequency ID (RFID) chips enabling the Near Field Communications (NFC), will be in most Smartphone’s coming out this year. The survey shows around 23 million phones being NFC enabled by the end of this year.  In three years that number is predicted to be around 300 million. Mobile devices hit a growth point where they didn’t grow anymore. They exploded. Now over 70 percent of the entire world population has a mobile phone. In the…

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