This system protects a user’s credit card information as it is transferred from the phone to the NFC reader. This chip is separated from the phone’s memory and only accessible by Secure Element programs. Google Wallet stores a user’s credit card information in an encrypted format on a smartphone computer chip that is known as the Secure Element. Although this reduces the convenience of SingleTap technology, Google firmly believes the PIN is an essential security measure that prevents unauthorized purchases in the event that a phone is lost or stolen. In fact, Europeans and Asians routinely use smartphone technology for payment processing.Ī Google Wallet user is required to set up a four-digit PIN, which must be entered prior to purchase. Google Wallet is accepted by more than 150,000 retailers in the U.S.
Google partnered with MasterCard, paving the way for Google Wallet 1.0 to impersonate the Citibank MasterCard, but Google expects the technology to work with all major credit cards in the future. This initial software version runs only on the Google Nexus S – one of the few smartphones with the required NFC chip. Version 1.0 of Google Wallet was released in 2011. In addition, Google Wallet will be compatible with all Google Android phones and all major credit cards. To make contactless payments, make sure your phone meets software standards, has NFC, NFC is turned on and Google Pay is set as the default payment app.Although still in its early stages, Google Wallet technology is expected to extend throughout the retail market over the next few years.You may be asked to set up a screen lock on your Android device.If you've previously added cards, tickets or passes to your wallet with Google Pay, they should appear in your Google Wallet.You can use your camera to scan a debit or credit card or enter the details manually. If you're new to Google Wallet, you're asked to add a card the first time that you open the app.If you have a work profile on your Android device, you must use your personal profile with Google Wallet.įrom the Play Store, download the Google Wallet app.
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