Google Wallet Suspends Prepaid Credit Card Functions
News from PCWorld:

Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed.

Saturday’s move comes following the airing on the Internet of a flaw in the wallet’s design that could allow an unauthorized user of a phone to tap into an existing balance on a card by reconfiguring the wallet’s settings.

“We took this step as a precaution until we issue a permanent fix soon,” Vice President for Google Wallet and Payments Osama Bedler wrote in a company blog.

The security flaw was revealed last Thursday by a blogger, identified only as “The Smartphone Champ,” who explained that by opening up the settings section on an Android phone and blanking all the settings for a Google Wallet,…………… continues on PCWorld

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Google wallet suspends prepaid credit card functions
News from Computerworld New Zealand:

Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed

Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed.

Saturday’s move comes following the airing on the Internet of a flaw in the wallet’s design that could allow an unauthorised user of a phone to tap into an existing balance on a card by reconfiguring the wallet’s settings.

“We took this step as a precaution until we issue a permanent fix soon,” vice president for Google Wallet and Payments Osama Bedler wrote in a company blog.

The security flaw was revealed last Thursday by a blogger calling who explained that by opening up the settings section on an Android phone and blanking all the settings for a Google Wallet, an unauthorised user could access any balances on a prepaid card previously linked to the wallet.

The disclosure came just a day after security firm Zvelo publicized a method for cracking a PIN for a Google Wallet. What Zvelo found…………… continues on Computerworld New Zealand

… Read the full article