This interview follows a Google Wallet PIN vulnerability we discovered in early February of 2012. Here are the topics discussed:
- Potential of mobile phone payment systems
- Practical implications of mobile phone payments to consumers
- Use of Near Field Communication (NFC) technology within the retail industry
- Details about the Google Wallet PIN vulnerability we exposed and disclosed on February 8, 2012
- Security of mobile phone payment systems versus traditional physical credit cards
- General smartphone security
- Value of financial information stored on smartphones in the black market
- Risks of GPS-tracking
- State of mobile phone payment system providers
- Legal liabilities of regulating smartphone transactions
- Availability of mobile phone payment systems to consumers
Actual questions answered:
- What Technology does it use?
- How does this affect the shopper?
- Why is this so important as an advance in how we pay for things and how we shop?
- What was the [Google Wallet] flaw that you discovered and what exactly does that mean in terms of security?
- How did Google Wallet fail when you were looking at it?
- Is this also part of a more general issue of smartphone security?
- Business-wise…what is this going to mean for Google’s competition in getting their mobile phone payment system in the market and the availability for the consumer?