And there are only two devices that are NFC enabled and Google Wallet ready, the Samsung Nexus S 4G on Sprint and the unlocked Galaxy Nexus, which can be used on AT&T’s 3G network in the US.
This will add to the three phones that Sprint has already enabled with the technology: Samsung’s Nexus S, the Galaxy Nexus, and the upcoming LG Viper.
The quick two and a half minute video expounds the theoretical virtues of using your smartphone to shop in the physical world with virtual cash.
Subscribers can use any of the credit cards stored in Google Wallet or the prepaid card when checking out at a store by tapping their phones to a payment terminal.
The new AppleiPhone expected to launch later this year may also have an NFC chip embedded, but there’s no telling if it will be able to access the Google Wallet app.
NEW YORK (Reuters) – Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp.
Tech enthusiasts at The Smartphone Champ, however, have identified at least one way in which a person can get access to Google Wallet.
Sprint also explained the benefits ofAndroid Beam, a feature found in the Galaxy Nexus running Ice Cream Sandwich.
Even though the Google Wallet doesn’t need carrier support to function, some operators are making sure the app doesn’t work on devices on their networks.
If the phone is stolen, the thief can enter the application settings menu, clear the data for Google Wallet and attach the app to a new account.
Several business interests have aligned themselves against Google, specifically three of the major US carriers (a cabal known as ISIS).
There’s a reason why the Verizon Galaxy Nexus lacks Google’s payment app.
Sprint said it will sell two additional NFC enabled smartphones that will use Google Wallet in the first half of this year.
Christiane Ruston is a business journalist based in Barcelona, Spain. Christiane has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Christiane spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.