Google Goes on Defensive over Mobile Payments Security
By Ina Steiner
The executive who pushed PayPal to open its platform to developers is now defending the mobile payment platform of his new employer, Google. PayPal's former Vice President of Mobile, Platform and New Ventures Osama Bedier had to address concerns over whether Google Wallet was safe enough for mobile phone payments.
On the Google Commerce blog on Friday, Bedier, who is now Google's VP of Google Wallet and Payments, said Google Wallet was not only safe enough for mobile phone payments, but said it also offered advantages over the plastic cards and folded wallets in use today. He explained that Google Wallet is protected by a PIN, as well as the phone's lock screen, if a user sets that option.
Bedier went on the defensive after a report surfaced that anyone who recovered a lost phone without a screen lock could gain unauthorized use of an existing prepaid card balance. Google has temporarily disabled provisioning of prepaid cards as a precaution "until we issue a permanent fix soon," Bedier explained.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
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