Monday, February 13, 2012

Google Inc. (NASDAQ:GOOG) Hits Google Wallet Problem

Google Inc. (NASDAQ:GOOG) has suspended the prepaid capabilities of its Google
Wallet mobile payment app. Google Inc. (NASDAQ:GOOG) Hits Google Wallet Problem
The smartphone maker Google Inc. (NASDAQ:GOOG) has suspended the prepaid
functionality of its Google Wallet service after it found a security flaw that
allows other users to access the balance on a prepaid card linked to mobile
wallet. The company said it will soon fix the flaw. The flaw code named 'The
Smartphone Champ' was first discovered by a blogger last week. Osama Bedier,
Wallet and Payments vice president at Google Inc. (NASDAQ:GOOG), said, "We
took this step as a precaution until we issue a permanent fix soon". Google
Inc. (NASDAQ:GOOG) stocks were at 605.91 at the end of the last days trading.
Theres been a -0.4% change in the stock price over the past 3 months. Google
Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.23 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.18 Zacks
Rank: 7 out of 28 in the industry

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