Google has announced a brand new program for smartphones called Google Wallet, which will allow consumers to apply credit card information to their phone and use it to scan for quick and convenient purchases at participating retailers. The announcement signals another move by Google to stay at the forefront of making things as straightforward and convenient as possible. However, with such a bold move into the sphere of personal finance and privacy concerns, will Google Wallet be a convenient step forward for shoppers or a dangerous risk to privacy?