In a recent report, it has been revealed that Google shall no longer give prepaid facilities for credit card users. This is after a major flaw in the security system had been revealed, which makes the mobile wallet an easy vulnerable spot for people to lose their money.

This major flaw was revealed on the internet. They were of the view that the wallet is so designed that it could easily let there be access from another unauthorized user.

It was revealed by Osama Bedler, the Vice-President of Google Wallet and Payments. He said that this is merely a temporary step and they are going to fix it soon. They also said sorry for the inconvenience, and said it would soon be made more secure and usable for people.

"People are asking if Google Wallet is safe enough for mobile phone payments. The simple answer to this question is yes. In fact, Google Wallet offers advantages over the plastic cards and folded wallets in use today", he said further.

This revelation was made after Zvelo, the security firm revealed a PIN cracking method for Google Wallet. It was found by the firm that the wallet PIN wasn't actually stored in the secure side. This makes it very insecure and vulnerable to be broken into and robbed.

It is essential that the flaw, no matter how big or how small it is, is corrected by the authorities as soon as possible. This will ensure that people aren't put to the risk of being robbed of their money and personal details in the time to come. It is essential to rectify these errors so that the faith of people can be restored in this type of e-banking methods.