PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Verizon Blocks Google Wallet

Mercator Advisory Group by Mercator Advisory Group
December 6, 2011
in Analysts Coverage
0
Financial Technology concept on the gearwheels, 3D rendering

Financial Technology concept on the gearwheels, 3D rendering

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The NFC battle lines are being drawn. To the surprise of few observers, Verizon will block download of the Google Wallet app onto the new Google – Samsung Electronics Galaxy.

A Google spokesman said Verizon asked it not to include Google Wallet on the new Galaxy Nexus and that consumers won’t be able to download it through the Android app market. “Verizon asked us not to include this functionality in the product,” the spokesman said in a statement, without elaborating on the reason behind Verizon’s move.

Verizon has teamed up with rival carriers AT&T Inc. and T-Mobile USA on a joint venture that also lets people make payments and redeem offers via their smartphones. That competing project, called Isis, is expected to begin trials next year.

So, we now have a payments-capable smartphone that will only be able to make payments on the Sprint network. A smartphone, by the way, that will command a premium price of $299 with a two year contract. While the assumption continues that Verizon will not block two important NFC modes – service discovery and peer-to-peer – the company’s decision to keep Google Wallet off of the device means it is reserving the card emulation mode for the Isis mobile wallet.

Google had to be expecting this. The fact that it folded Google Checkout into Google Wallet means it understands the value of the alternative mobile wallet approach, one that keeps the card credentials in the cloud and uses the phone simply as an identity provider. That model will ultimately prevail but, in the meantime, NFC’s card emulation mode will only work with certain wallets on certain phones on certain carriers.

With any more of these “platform incompatibilities” as they used to be called, NFC’s introduction really could look like a dog’s breakfast.

Click here for more: http://online.wsj.com/article/SB10001424052970204770404577081610232043208.html?mod=WSJ_hp_LEFTWhatsNewsCollection

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix