Google Wallet Moves to the Cloud

Google has announced changes to Google Wallet - the app that allows subscribers to use their mobile device to purchase items. Google wallet will now store the subscribers authentication information in the cloud and allow subscribers to remotely disable the app if their phone goes missing. From the Washington Post article:

Google’s update is the latest effort to solve a series of pressing concerns for Google Wallet. One, clearly, is that of adoption: As Google knows, it’s tough to get mobile users interested in a mobile payment system that it only supports a single credit card, as Google Wallet did previously. 

Two, Google is also trying hard to bridge the gap between openness and security, the latter of which has been a pressing concern for Google Wallet since the beginning.