Google Puts Prepaid Card Provisioning On Pause Following Wallet Security Scare

Following the discovery of two security exploits within Google Wallet, the Vice President of Google Wallet and Payments, Osama Bedier, released a statement reassuring readers that Google takes "concrete actions" to protect its users. The statement further indicated that, in response to Wallet's security scare, Google has put prepaid card provisioning on hold, at least until a permanent fix is issued (which should happen "soon").

The statement goes on to assure customers that, should their phone be lost, or used to make an unauthorized transaction, toll-free assistance is available. Those interested can find the full statement at Google's Commerce blog here. Of course, we'll be on hand with any new details as they emerge.