Payment system from Google received new features

There are a lot of payment systems now, including all sorts of offline and online services. When Google launched its own payment system, Google Wallet, few believed in its success. Some experts predicted the imminent closure of the project. But so far everything is going wrong, slowly but surely the system is developing, acquiring new functions and gaining new partners.

So, the corporation recently updated the system, adding support for systems such as Visa, MasterCard, American Express and Discover. So working with these payment systems is quite simple. In addition, the corporation has agreed with 25 major US retail chains on a partnership. As a result, Visa, MasterCard, American Express and Discover can now be settled on these networks using only Google Wallet. By the way, more and more mobile devices support Google Wallet (for example, Samsung Galaxy S III, Samsung Galaxy Nexus, LG Viper, LG Optimus and HTC EVO 4G, plus some mobile devices from US carriers).

Previously, the method of storing payment information (including bank card numbers) has been repeatedly criticized. Google Wallet used to store the memory of a mobile device. It is logical that when you lose your phone, you can begin to worry about your billing information and those people in whose hands such data fell. Now all this is stored in the “cloud”, the mobile device is used only as a terminal, transmitting everything to external storage.

In addition to the increased security level of Google Wallet, users of this payment system also got the opportunity to check the progress of the payment process and monitor other operations in their wallet.

It is clear that so far the advantages of this system can be appreciated mainly by US residents, but, probably, after half a year or a year, Google Wallet will be able to compete with existing solutions outside the United States.

Via pcadvisor