After Security Breach, Google Wallet Stops Accepting Prepaid Cards
The action was taken after it was found that users' funds could easily be accessed.
Google has disabled prepaid card use in response to the revelation that money could be stolen from Google Wallet user accounts.
"Osama Bedier, vice president for Google Wallet and Payments, wrote in a blog on Saturday that the company is taking this action temporarily until it can make a more long-term correction," writes CNET News' Lance Whitney.
"This move means that existing and new customers of Google Wallet will not be able to use a Google prepaid card to add money to their account," Whitney writes. "However, they can still apply for and use a Citi-issued MasterCard credit card."
For more on this story, go to Google Wallet Hack Raises Concerns Over Mobile Payment Security.
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February 13, 2012
Following the disclosure of security vulnerabilities with Google Wallet on Android, Google disables prepaid cards and advises users to enable screen locks.