Softcard vs. Google Wallet. Interestingly enough, there is talk that the creators of Softcard are in talks with Google whereby they are looking to further the original joint venture and co-join with the Google Wallet efforts.

1. S
Softcard vs. Google
Wallet
Softcard: The Mobile Phone Payments System

2. Softcard vs. Google Wallet
S Softcard is a mobile phone payments system that was
generated as a joint venture between AT& T, Verizon
Wireless, and T-Mobile.
S For mobile phone companies to work together in this
fashion takes something particularly special, so you can
bet your bottom dollar on the fact that when the Softcard
program was announced back in late November of 2010,
it was indeed cutting edge.

3. Softcard vs. Google Wallet
S Similar to Apple Pay, it utilizes contactless NFC
technology, thereby allowing consumers to use their
smartphones to make purchases.
S Interestingly enough, there is talk that the creators of
Softcard are in talks with Google whereby they are
looking to further the original joint venture and co-join
with the Google Wallet efforts.

4. Softcard vs. Google Wallet
S Up to this point Google Wallet’s reach on Android has
been thwarted by large US carriers, more so by Verizon
than any other company. Why so? Isnt it too obvious that
most big companies want to monopolize whatever it is
they can?
S So now, we may have a far larger player in Google
Wallet, in addition to Apple Pay, but that’s not all.
Companies like Samsung are also looking to cut in on the
action as well.

5. Softcard vs. Google Wallet
S How much does Softcard Cost to Use?
S The app is entirely free. However, depending on your mobile
plan, when you use wireless messaging and data, there may
be some charges to your account.
S The best things in life are never free, are they?
S If you opt to utilize a payment card, the charges will depend on
the issuer of your card for terms and conditions, so do keep
that in mind.

6. Softcard vs. Google Wallet
S What Technology does Softcard use to Work?
S Softcard uses Near Field Communication, otherwise known as
NFC.
S This is a short range wireless technology which permits the
exchange of information between two devices quickly and
conveniently, provided those two devices are within close
proximity to one another.
S Payment information is transmitted from your phone via NFC
and is picked up by a contactless payment terminal.

7. Softcard vs. Google Wallet
S How is Information on Softcard kept Safe?
S This thing is more secure than a physical wallet, so that’s
going some. But should something go awry there are
extra layers of protection to give you further peace of
mind:
S First thing, you select a PIN, and each time you wish to
use the app, you simply enter that PIN.

8. Softcard vs. Google Wallet
S The Secure Element (Star Wars, anyone?) is sensitive
information that is located on a special chip within your phone.
The Secure Element only allows access to authorized
programs, one of those being the Softcard app.
S You can freeze the Softcard app should it be either lost or
stolen simply by making a phone call or via a web entry.
S For obvious reasons, this is a whole lot faster and far more
convenient than when you lose your credit cards and have to
call every card issuer in turn. Then await your new card to be
issued. A totally and utterly cumbersome procedure!

9. Softcard vs. Google Wallet
S Together with each individual payment transaction a
unique transaction ID is appointed. This makes it far
more difficult to allow your card to be counterfeited.
S http://www.scoop.it/u/wesley-yuhn-1
S http://wesleyyuhninfo.com/