August 1, 2012 | by Natesh Sood
Upon its initial debut, Google Wallet had a few shortcomings that might have prevented it from really taking off. In particular, Google Wallet was limited in its payment options and its security was less than impressive. However, Google announced today that it paid close attention to those shortcomings and came up with a remedy — the cloud.
Starting today, the refreshed Google Wallet app (which can be found in the Google Play Store) offers payment compatibility with any credit card or debit card from Visa, MasterCard, Discover, and American Express. Each card information is stored remotely and securely in Google’s servers.
With all of your card information being stored remotely in the cloud instead of locally on your phone, the information will stay much more secure. In addition, Google provides the option to remotely disable your Wallet account should your phone get lost or stolen. After remotely disabling the app, your phone will not be able to complete any transactions, and if a data connection is available, your app will be wiped of its data.
Assuming you have an NFC device you can take advantage of the mobile Google Wallet app, otherwise you can use it to complete purchases online and with Google Play.