Hey Y'all!
My guide to Google Wallet: Simple and fail-safe...here goes!
BACKGROUND
I have been unlocked and rooted since December 27, 2011.
I have been using Google Wallet since December 27, 2011.
I have employed this method since December 27, 2011.
Other than Google's shutdown of the app when security issues disabled the app, I haven't had a single issue with Google Wallet.
GUIDE
Install Google Wallet (Credit goes to
The Android Source and Google, of course):
http://dl.atftas.us/APKs/Wallet/Google_Wallet_v1.1-R57v5.apk
Use Wallet.
When prepping for a ROM flash/factory reset first reset GWallet from within the app. Do this by entering your PIN, then Payment Cards. Choose your card. Now tap the overflow menu button and choose REMOVE CARD. If you have multiple cards you will have to rinse and repeat.
Now back out of Payment Card and tap menu overflow. Choose Settings and select Reset Google Wallet.
Next, Navigate to Settings app--->Apps--->All--->Wallet: Wipe Data: for extra security.
Now, backup Google Wallet app using Titanium Backup (buy this app; best tool for all app backups). Because this app requires root, you will have to find an alternative if you are not rooted. You could also just sideload the app as you did the first time you downloaded it.
Wipe data, et al/Factory Reset.
Restore/sideload app (DO NOT restore data!)
Setup Google Wallet from scratch.
Profit.
jmar
P.S. If I made any errors, please let me know ASAP!
Ultimately, I take no responsibility for a Secure Element Error and am only trying to help my fellow Wallet users.
Hope I helped.
Contributions to this guide from: NSutherl, jova33, efApple, AndroidDad75, and AntimonyER.
THANKS Y'ALL!