Square has just launched a new service called Square Cash, which allows quick money transfers between any two parties using through an email. Contrary to what you might be expecting, you don’t need to sign up or get all of your friends onto Square Cash to share funds. Instead, you just need to link a debit card to your account.
Hackers uncovered an issue this week with Google Wallet on routed phones. The hackers found that pin numbers for Google Wallet on rooted phones can be cracked with simple software. Google quickly released a statement and said it is working on a fix. Meanwhile, a hack also released for non-rooted devices, which is a huge safety concern. Late last night, Google released a post on its Commerce Blog giving a little more of its view on the matter.
Google announced that it would disable provisioning of prepaid cards. This will help if you ever lose a phone and someone wants to use your prepaid card to make purchases. This is a temporary solution, but Google is still looking for a permanent fix.
Google also reminded us that it offers a toll-free line if users ever have a concern or question about Google Wallet accounts. The support line is open 24/7.
Google also said that Google Wallet is safer than plastic cards and folded wallets. The company even talked about the security concerns’ rooting an Android device creates:
