Google wallet goes down for the second time: Is your money in danger?

Google Wallet is a web based application that protects cards used to authorize NFC transactions by plucking the phone into a payment point. Its popularity was basically due to the ease of transactions through one’s phone without the need to carry credits cards which had a possibility of misuse by miscreants if stolen. The web based application remains safe even in cases of stolen phones because the operationalisation is PIN controlled and hence is safer than cards.

However, for a second time in a row, Google Wallet has been taken offline causing undue inconvenience to those who would have wanted to use the application. As per Google’s notice, this move is basically a maintenance requirement for a technical fix. The fix is basically directed at removal of trivial issue. While the fix may rid Google Wallet of its technical glitches, the restoration of public confidence may be a harder task. As has happened in the past, instances where some specialist software was capable of unearthing the phone user PIN that operated the Google Wallet software, and hence making users vulnerable to theft of their money and loss of their privacy.

 

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