n a quickly developing market segment, Google launched
Google Pay to revamp Google Wallet and allow users a new and safe means for
paying via Android operated devices.
The new Google Pay service is perceived by many as a revamp
of Google Wallet. We would argue that it is a complete overhaul of the old
service that entered the market one step ahead of its time, raising questions
as to its efficiency and application.
Now, Google Pay, rivaling Apple Pay launched during the
previous year offers users the possibility to cash out their tabs at a variety
of location simply by using their Android device. Look for the Google Pay logo
and let your phone do the rest.
At the moment, the release date of the new service is
unknown. All we know, according to the Google Director of Product Management,
Mr. Pali Bhat is that the service will be released soon. And it will come with
a collection of over 700,000 retail counters around the U.S.. That is, in the
beginning.
Of course, expansion of the list is expected, as well as
further release of Google Pay in other key markets around the world.
Is it safe? According to Engineering VP Dave Burke, it is as
safe as it can get. The service functions at any contactless payment counter.
Users don’t need an app or a pin to access Google Pay.
However, they need to provide credit card data, which is
safely kept away from curious eyes and only for users to know. At the moment of
the transaction, Google Pay generates a unique virtual account number that does
not disclose the real data. The ‘token’ is also a means to ensure payment
security.
Pali Bhat added to the details:
“Android Pay does all the heavy lifting. You don’t even need
to open an app – just tap and go. You’ll also see a payment confirmation and
get transaction details right on your phone”.
What’s more, Android Pay allows users to put all those
fidelity programs and cards and special offers generating gizmos at work
without any hussle. At checkout in locations such as McDonald’s, Starbucks,
Subway and others, all loyalty programs as well as offers are instantly applied
to the tab. Pretty neat!
Android Pay is scheduled to work within apps as well,
allowing easy purchases. No more credit card numbers or addresses. Android Pay
remembers everything. Safely.
For the time being, Google is still in the process of
partnering up with banks across the U.S in order to allow users to even
activate Android Pay from the bank application.
Talks are on the go with U.S. AT&T, Verizon and T-Mobile
for users to be able to purchase the Android operated mobile of their choice,
being instantly ready to tap and go with Android Pay.
Source From:- http://www.trinitynewsdaily.com/
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