Ready to pay by phone? Here's the 7 things you need to know: 1) A fingerprint scan isn't required. 2) Tokenization keeps your money secure. 3) You'll need an Internet connection. 4) It'll work in a lot more stores by next year. 5) The killer feature? Rewards. 6) You can use it to pay for things in apps, too. 7) Google Wallet isn't going away
Google's had a bumpy ride in the mobile payments world, but now it's looking at a second chance. Android Pay is the new Google Wallet, and it'll more convenient, secure and ubiquitous than ever. Here's what you need to know. A fingerprint scan isn't required. Fingerprint scanning is the most secure smartphone authentication method right now, but you won't need it to use Android Pay -- it'll be at least a year until most Android phone makers integrate fingerprint scanners into their devices. Until then, Android Pay accepts a PIN code, password, or pattern to authenticate a transaction. To make a purchase, you tap your phone on the payment terminal, enter your passcode, and the transaction is complete.