PIN-sized security hole puts the kibosh on pre-paid Google Wallet cards for now
Still, Google says that Google Wallet has multiple levels of protection and that on most handsets, rooting your phone automatically wipes Google Wallet data off the device. Of course, that doesn't help fix the problem occuring on non-rooted models. The company says that mobile payments are going to be more common in the future and that it is learning more about security as Google Wallet grows in availability and usage. "You can be confident that the digital wallet you carry provides defenses that plastic and leather simply don’t," posted Google Wallet and Payments Vice President, Osama Bedier.