Wallace has also been a member of the Georgia Force of the Arena Football League (AFL).
Wallace attended Maurice J. McDonough High School in Pomfret, Maryland where he played running back, cornerback, and kick returner.
He earned The Washington Post first-team All-Met honors, and played in the U.S. Army All-American Bowl.
He lettered in football and played running back, cornerback and kick returner.
In the season-opener against Akron, Wallace took a second-quarter reserve 42 yards in his first ever college football play.
[2] Against Notre Dame, Wallace had a 17-yard run on a reverse and caught his first career pass that went for five yards.
[8] Against Michigan State in the regular season finale, Wallace recorded five solo tackles.
He played in every game of the season, and accumulated 33 tackles (22 of them solo), one interception, three fumble recoveries, and four broken-up passes.
[15] Against Indiana, Wallace made a career-high five tackles and recovered a muffed punt return by the Hoosiers.
He ran a kickoff 97 yards for a touchdown, the first Penn State player to do so since Larry Johnson had a 97-yard return against Illinois in 2001.
[20] In the 2007 Alamo Bowl against Texas A&M, Wallace made five tackles, three of which were solo, intercepted a pass, and recovered a fumble.
[21] Wallace was named third-team preseason All-American by Phil Steele's College Football as a kick returner.
In the season-opener against Coastal Carolina, Wallace made two tackles and returned a kickoff 35 yards, his season best.
[23] Against Illinois, Wallace made a career-high six tackles (five solo) and returned two kickoffs for 31 yards.
[32] Wallace missed the game against Michigan State due to a head injury.
[35] Wallace was signed by the Miami Dolphins as an undrafted free agent following the 2010 NFL draft.
Wallace signed with the Georgia Force of the Arena Football League on November 30, 2010.
[37] Wallace signed with the Calgary Stampeders of the Canadian Football League on January 31, 2011.