The doors have already been opened wide in terms of the capabilities of a phone, and it seems as though Google and Apple are neck-and-neck in leading the march.
New York, NY (PRWEB) August 02, 2012
RoadFish.com men’s lifestyle and finance magazine today reacted to the news that Google has been able to expand the scope of its new “Wallet” app by congratulating them on a considerable feat, and speculating about the future of handheld technology.
The New York Times’ Claire Cain Miller reported that Google’s app, Wallet, offers consumers a way to pay for purchases in store without ever taking a credit card or cash out of their wallet. Instead, the user simply taps the phone to a machine instead of swiping a card, thus eliminating the need for a wallet. Miller writes that very recently, Google hit gold with a breakthrough in the technology so that the app is now compatible with any credit card on the market, whereas in the past it was only good for Citibank and MasterCards. The app does, however, only work on a very limited amount of phones, including a handful of Sprint and Virgin Mobile Smartphones.
The above-mentioned article highlights Google’s advancement as being noteworthy because the new technology eliminates the need to get permission from mobile carriers, credit card companies and other banks every time a user wants to make a purchase using the Wallet app. Miller reports that Google has essentially figured out a way to bypass having to negotiate with thousands of issuing banks regarding the credit cards in order to get the go-ahead for every single purchase. The other good feature about Google’s new change is that a user is capable of disabling the Wallet app from a remote location online, in the event that their phone is lost or stolen.
RoadFish.com offered its hearty approval to Google for the breakthrough in technology. RoadFish.com’s Senior staff writer is quoted as saying, “Hats off to Google for really coming through on this one. They are right there in the game alongside Apple, and I think this app is about to be a life-changer. The doors have already been opened wide in terms of the capabilities of a phone, and it seems as though Google and Apple are neck-and-neck in leading the march. I am really impressed with the way this app has progressed, and the guys over at Google who worked on this should be mighty proud.”
Miller reports that companies like Verizon, AT&T and T-Mobile are working on other methods to allow people to use their phones to make purchases at retail stores, but the roadblock they are running into is needing the agreement of the not only the retailers but of the banks, the credit card companies, and of the phone carriers. Google’s Wallet app is ahead of the game in that it uses near-field communication (NFC) which links the phones with the retailers’ networks. There are reportedly around 200,000 stores currently equipped with this technology.
RoadFish.com today questioned where Smartphone technology will be down the road, now that the road is being paved to have a person’s phone take on much of their everyday tasks such as making payments, accessing bank statements, and of course emailing and acting as a personal digital assistant. RoadFish.com’s Senior staff writer is quoted as saying, “There are about a million things that you can do on a phone these days. In the past week, I’ve watched a movie on my phone, checked my emails about ten times a day, had Face Time with friends where I’ve been able to see the people I’m talking to, scanned a document by taking a picture of it with my phone, checked my credit report, and made bank transfers. All from the palm of my hand. It’s absolutely incredible to me that phone technology has come this far in the past fifteen years, and I am so curious to see where it will be in another fifteen.”
Google’s Wallet app is described in the iTunes store as being something of a “flexible, personal database, where you can store all of your web passwords, software license keys, credit card numbers, and more.” The financial software app does feature a military-strength encryption for security purposes and it is available in the iTunes app store for $9.99.
RoadFish.com is a popular online men's magazine, featuring topics such as lifestyle, money management, personal finance, and current events. RoadFish.com's main audience is made up of men in their 30's and 40's, who have generally been successful in their life and business goals, and are striving towards bigger dreams. RoadFish.com men’s lifestyle and finance magazine features topics such as men's luxury items, hot chicks, divorce tips, food and hotel reviews, and the latest in personal finance technology. It is owned and operated by Purpose Inc.