WHAT IS GOOGLE WALLET TECHNOLOGY ?

What is Google Wallet?

> Google Wallet is a mobile app that will make your phone your wallet. 

> It stores virtual versions of your existing plastic cards on your phone, along with your coupons, and eventually,    

   loyalty and gift cards.

Security

> Google Wallet is designed and engineered to enable safe, secure payments.

It is a safer wallet

> Google Wallet requires you to set up a Google Wallet PIN that must be entered before making a purchase.

> This PIN prevents unauthorized access and payments via Google Wallet. 

Secure technology

> google Wallet and MasterCard PayPass™ provide many layers of security.

> Google Wallet stores your encrypted payment card credentials on a computer chip on your phone called the
   Secure Element.

> The chip is designed to only allow trusted programs on the Secure Element itself to access the payment   
   credentials stored therein.

What to do if your phone is lost or stolen

> Even though the Google Wallet PIN and Secure Element protect your payment card information, you should still
   call your issuing banks to cancel your cards.