Google Wallet Temporarily Suspends Provisions for Prepaid Payment Cards

GoogleAfter recently noticing about the exploitation of the Google Wallet by some crooks, Google has decided to temporarily suspend all the prepaid credit card payments in an act against the recently discovered vulnerability.

The decision from the Google has come after a day of the issue released by The Smartphone Champ blog, which exposed in its lines about a so-called "painfully easy" exploit, with the help of which people cleverly recovered all the prepaid balances that they paid and were stored in Google Wallet.

The action went successfully without even punching the personal identification number that protected the app. Attackers exploited the fault by simply clearing the entire data from the settings menu of the site and setting a new PIN.

Upon discovering the above flaw, Google has immediately disabled the prepaid capability since February 10.

"The problem here is that since Google Wallet is tied to the device itself and not tied to your Google account, that once they set the new pin and log into the app, when they add the Google prepaid card it will add the card that is tied to that device”, said a blogger with the name Hashim wrote. "In other words, they’d be able to add your card and have full access to your funds”.

Mr. Osama Bedier, Vice President of Google Wallet and Payments, showed concern regarding the recent discovered issue but at the same time also encouraged mobile payments service users to immediately turn on their lock screens that unfortunately remain inactive until physically set.

He also talked about the temporary halt that Google has put upon prepaid card payments by disabling provisioning for same especially until the officials of the website finds a permanent fix for the vulnerability made.