nut writes "The much-hyped payment application from Google on Android has been examined by viaForensics and appears to store some cardholder data in plaintext. Google wallet is the first real payment system to use NFC on Android. Version 2 of the PCI DSS (the current standard) mandates the encryption of transmitted cardholder data encourages strong encryption for its storage. viaForensics suggest that the data stored in plain text might be sufficient to allow social engineering to obtain a credit card number."
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