Will Google Wallet Affect Your Business?

Posted by chrissb under Technology
From http://smallbusinessshift.com 4934 days ago

Google just announced their new credit card replacement, Google Wallet. But it's more than just a new payment system - Wallet will also affect coupons, deals, and loyalty programs. Take a look at how it could affect your business.

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Comments

Written by businessavante
4934 days ago

Hi Chris.

How long till the crooks have the technology to scan your phone by line-of-site from a few feet away (or right next to you in a check-out line), and empty your bank account (if not already)?

Duncan

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Written by chrissb
4934 days ago

Yeah... I think people will be concerned about that. They discussed how you need a pin to enable the system on your phone, and the chip isn't even on without that. So in theory, it shouldn't happen. Not sure though how long it stays on after you enter the pin, if it turns off after a payment, or if you have to manually turn it off (seems unlikely) though.

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