Is Google Wallet Safe?

“What would happen if you lost your wallet to a thief? It’s a
question that Google Wallet users on Android phones are asking
themselves in the wake of multiple reports of security
vulnerabilities in Google’s mobile payment technology.

Google Wallet is a virtual payment system that can be used with
online merchants on the web, as well as in brick-and-mortar stores
via a mobile app on Android phones. At issue is the Android app,
which stores credit card data on phones equipped with Near Field
Communication (NFC) radio technology.

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