Google restored Google Wallet services after patching up Security Hole. Last week it was discovered that Google Wallet had a serious security issue that affected all users, in which anybody could clear the app data from Google Wallet, re-open it, and gain access to the prepaid card.
Yesterday afternoon, we restored the ability to issue new prepaid cards to the Wallet. In addition, we issued a fix that prevents an existing prepaid card from being re-provisioned to another user. While we’re not aware of any abuse of prepaid cards or the Wallet PIN resulting from these recent reports, we took this step as a precaution to ensure the security of our Wallet customers. If you are unable to access your previous prepaid card balance for any reason, please contact our toll-free support for assistance.
Your prepaid dollars are once again safe in the arms of Google. Now, the only thing you have to worry about now is keeping your unlocked and rooted phone out of thephysical hands of hackers.
Source: Google Commerce