As long as I don't have to pay extra I'm fine with it. I currently don't pay any annual fees for credit cards, so I'm not going to pay anything for NFC.
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Google Announces Major Push Into NFC Payments With Google Wallet
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I see it as moot. You can remote wipe your phone if you lose it.
An article I read said that Google wants to it to eventually hold your driver's license. How on earth would that ever work?
"Sorry, officer, I'd love to show you my license, but my phone just died."
Then he would write you a ticket for driving without a license and say: "Well that's too bad, next time keep a USB cable in your glove box, they only cost a few dollars.."
Well, in a roundabout way we do pay. Everyone does.
Retailers have to pay the credit card companies when you pay using your card.
A rare few would give one price for credit card, one price for cash.
The vast majority have 1 price no matter how you pay, so this additional amount the retailers lose, I think it's 2% ish, is factored into the price anyway.
So it seems like it's free, but it's not really.
Paypal sues Google?
Nobody cares to go through this bit? I am surprised.
I don't know if I should be supporting Google for this. They did bring out something new [for some of the people]; but looking at this law suit, I just feel sad.
The company that used to once innovate [Google], back in the days, is now a hypocritical conjuncture of sad souls; copying every other technology company for all/some of its products.
Just read the law suit and you'd be surprised.
http://www.ebayinc.com/assets/pdf/fact_sheet/2011_PayPal_DOC.pdf
Looking at this and the sky-hook lawsuit, I have literally lost all faith in Google and its products. The company seems to be very self centered and can ditch possibly any partner for their own selfish interests.
Just sad.
Nobody cares to go through this bit? I am surprised.
I don't know if I should be supporting Google for this. They did bring out something new [for some of the people]; but looking at this law suit, I just feel sad.
The company that used to once innovate [Google], back in the days, is now a hypocritical conjuncture of sad souls; copying every other technology company for all/some of its products.
Just read the law suit and you'd be surprised.
http://www.ebayinc.com/assets/pdf/fact_sheet/2011_PayPal_DOC.pdf
Looking at this and the sky-hook lawsuit, I have literally lost all faith in Google and its products. The company seems to be very self centered and can ditch possibly any partner for their own selfish interests.
Just sad.
How so?
I can do more damage to your credit and identity by stealing your physical wallet than NFC data (which holds no actual card data) from your phone.
Even if I had your phone, I can't do anything without your PIN.
This paranoia about NFC wallets is unwarranted at best.
NFC requires a PIN before any data is sent.
RFID enabled credit cards are far easier targets as you only need to brush against them with a reader to collect the card data.
The real issue would be how much do you trust Google and your bank/CC company from misusing the data.
Poor wording on my part. It's destined to fail, consumers don't want this. Only a bunch of geeks do. We can't get Americans off dollar bills, you think they're going to trade their credit card for their phone.
You need to look at the age group who would jump on this and the ones that will never make the switch. The younger age group 30 or less will be much more likely to pick it up awe grew up in the digital revolution. The old you go the less likely they would be willing to use the newer stuff.
Take example on cellphone only group vs land line there is a clear age line where the divide is. This will be the same thing. I know I would love this NFC to be on my phone. I also am a technology guy 28 years old and pay for everything with plastic (that I pay off in full every month). I use the nfc on my amex card all the time.
Consumers absolutely want this. As Rodimus Prime noted, it's a generational thing. Google may be kicking off the Mainstream use of NFC payments, but every credit issuer, retailer and consumer will soon be on board. Cash and credit cards aren't as pratical as an embedded NFC chip in a handheld device.
This is the most well thought out critique of Google's new service that I've read so far in this thread. The debit/credit cards themselves won't be stored in full form on the phone but will be on Google's servers. And that means there is the possibility that Google could be breached and your entire wallet full of cards compromised. Remember, high level Google corporate accounts got hacked by China not too long ago, so it's not like Google is that much better in the security sphere than Sony, hypothetically speaking. If I were to use a smart phone NFC app, it would be a while before I would trust it with high valued accounts.
And yet, you'll have to convince other groups about the usefulness. Those would be the retailers that base decisions on more than one age group. They actually have to install NFC before you can use it.
And like any retailer, they will offer the option. Retailers just want their cash, they don't care if you have a credit card, a debit card or cold hard bills. NFC ? No sweat.
This doesn't have to become the only way to pay for it to be successful. Let go of the MacRumors "There must only be one (and it must be Apple Branded)!" way of thinking for once and open your eyes. Credit cards didn't do away with dollar bills, debit cards didn't do away with credit cards and this won't do away with the 3 other payment methods.
It'll just be one more option.
If you're not in clothes with pockets, wth do you keep your phone?!
Here's a much better lifestyle choice: I might forget my phone due to forgetfulness or choice, but I ALWAYS have my keys and wallet.
Seriously.
Some of this can be mitigated through various security methods, however...
Thank goodness some people understand. This is the big problem. Actually, the data gathering and profiling is already a problem, but if google gets involved you can add a large multiplication factor of problems and attack vectors.
Remember, Eric Schmidt said (and I quote): "We know where you are. We know where youve been. We can more or less know what youre thinking about."
Is that a party you want monitoring all your purchases on top of your searches and 24/7 location?!
Oh, some of us get it just fine, but there are sheeple amongst us...
It sure looks like the "do no evil" company stole at least trade secrets if not a lot more from PayPal (another company I really don't like, but that's not the point here).
I know quite a few people in the CC industry from grad B-school. They're quite eager to do whatever it takes to meet goals, and if your personal data is involved, honestly they don't care. Throw in the naivety of many workers from Google and this winds up being a fairly unholy alliance.
Woooooowww. How has Google Music failed? It's barely even started! 
We don't know if this is going to take off, so everything negative should just give it a chance before they say it sucks.
Me, I think it will take off no matter what happens. Reasoning? Because if it doesn't take off before apple does it, then apple will do it, whether better or not, and then more and more people will start to use it because it's all their phone has.
We don't know if this is going to take off, so everything negative should just give it a chance before they say it sucks. Me, I think it will take off no matter what happens. Reasoning? Because if it doesn't take off before apple does it, then apple will do it, whether better or not, and then more and more people will start to use it because it's all their phone has.
Yeah, let me know when it arrives at all the stores I shop at. I'm a realist, it needs to be in the store before I care about it in my pocket.
Oh, and your assumptions are unwarranted if that middle paragraph is directed at me.
Except yours no doubt, since you are an anti-Apple troll.
umm they already are in place in multiple stores. Do you want me to take a picture of the NFC devices at my college campus on the coke machines or at multiple fast food places (McDonalds, Whataburger, Buger King, Wendy's), I have used it at Fry's electronics, and Best Buy. My grocery store (HEB) uses it. I know I have used it at a gas station. All that with my AMEX card.
So NFC is already in us. Retailers do not have to anything. All they need is a NFC at the point of sale which is already happening.
So you go back to your normal wallet/credit card. it is just another way of paying for things.
Look above I listed a fair number of places that use them.
Best Buy, Fry's, HEB, Fast food place (all major ones), I have seen them at a Star Bucks, Gas stations. Coke Machines.
Seen them at a few department stores.
Shall I go on.