“Verizon Wireless, the largest U.S. wireless carrier, blocked Google Inc.’s competing mobile-payment system from the new Galaxy Nexus smartphone, citing security concerns,” Scott Moritz reports for Bloomberg.
“Verizon Wireless, co-owned by Verizon Communications Inc. and Vodafone Group Plc., is working to have ‘the best security and user experience,’ Jeffrey Nelson, a company spokesman, said today in an e-mailed statement,” Moritz reports. “The Basking Ridge, New Jersey- based carrier will allow the Google service, called Google Wallet, ‘when those goals are achieved'”
Mortiz reports, “Verizon Wireless and partners AT&T Inc. and T-Mobile USA plan to invest more than $100 million in a joint venture called Isis, which competes with the Google service, people with knowledge of the project said in August. ‘The refusal to allow this is probably being used as leverage in negotiations between Verizon and Google over the terms of the contract and the sharing of customer information,’ David True, a consultant with Broadly Curious Advisors in New York, said today in a telephone interview.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Opportun” for the heads up.]
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