A cloud version of Google’s mobile wallet application was announced on Wednesday, and has added new security features to the system.
All credit and debit cards from Visa, MasterCard, American Express, and Discover will be accepted by the new, cloud-based version of Google Wallet.
Adding a card to the wallet is very easy and is as simple as typing in your credit card number when you make a purchase with the mobile app, online wallet, or in Google Play.
You can use the online wallet to keep track of both online and in-store purchases.
Two new security features are added to Google Wallet by the company. Actual payment card numbers are stored on Google’s secure servers in the cloud, rather than storing on your phone. A wallet ID, or virtual credit card number, is stored on your phone.
Google states that the new system makes it straightforward for banks to participate in Google Wallet by speeding up the alliance process required to add new cards to Google Wallet.
Remote locking and disabling of Google Wallet is another new security feature. You can lock Google Wallet from the cloud, if you lose your Google Wallet enabled device or your phone. No transactions are approved through Google Wallet, once your account is locked. If Google can make a clean connection with your phone, it can also reset your mobile wallet and wipe it clean of all card and transaction data.
This amazing app is available on the new Nexus 7 tablet. Google has partnered with more than 25 national retailers, and thanks to MasterCard PayPass, you can pay with your phone at more than 200,000 retail locations across the U.S.