So what's really going on with Google Wallet?

Google Wallet is Google's mobile payments application and online payment platform.

The Google Wallet application allows a person to tap their phone with NFC against a receiver in a store, quickly type in a pin code, and rejoice with their most recently purchased product. However, recently, it has gotten in some hot water over an apparent lapse in security. There were two security issues recently uncovered. The more heinous of which required an offending hacker to go in to the settings of your phone, erase the data within the Wallet application, set up their own account, and presto! They have access to your Google prepaid card. Pretty simple. So, of course, people freaked out. But let's go over Google Wallet's alternatives:

Cash- If someone has access to your cash, they have your cash. Inherently insecure.

Credit card- If someone has access to your credit card, they can make unlimited purchases online and in store at some locations with a simple forgery of your signature. Pretty insecure as well.

Moral of the story? Guard your stuff. To Google's credit, very shortly after this "hack" went public, in a knee-jerk reaction, they stopped issuing new prepaid cards to temporarily remedy the problem as they worked on a true solution. Soon after that, Google fixed the issue and reopened the prepaid cards. But people are still freaking out saying that this is indicative of the lack of security in Google Wallet and they are already counting Wallet out.

Poppycock, I say.

Google Wallet is more secure than other forms of payment, it's easy, and it's awesome. Besides, if someone steals my phone, I would be much less worried about the ten dollars on my Google Prepaid Card and much more worried about my $730 Galaxy Nexus.