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Google And Verizon May Be Fighting Over Hardware, Not Mobile Wallets

Written by Frank Hayes
December 8th, 2011
Why won't Verizon let users install Google Wallet on its soon-to-be-released Galaxy Nexus phone? It might be that Verizon is defending its ISIS partnership and the mobile wallet it will roll out sometime next year. But there's a simpler explanation: Only one mobile wallet can control the NFC Secure Element that stores payment-card data. If that's Google Wallet, then it can't be ISIS or any mobile-payments scheme that Verizon controls directly.

And although there's nothing to stop Verizon from adding the necessary hardware for lots of mobile wallets, that's not likely to happen unless Google opens its own corporate wallet.

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Posted in In-Store, IT Strategy/Industry, Mobile/Wireless/Contactless, Payment Systems, Premium Content, Security/Fraud
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