Verizon Backs Out of Google Wallet
Savings Accounts and Money Market Rates provided by 8 December 2011 Google has suffered yet another setback in its attempts to re-imagine electronic payments.
The Associated Press reports that Verizon, one of Google’s key allies in the mobile sphere, has decided not to include the company’s new Google Wallet function in its latest smartphone, the Samsung Galaxy Nexus.
Verizon was integral in the promotion of Android-based phones as an alternative to iPhones, but the company has been slow to warm up to the Wallet app, which is designed to allow users to attach virtual “credit cards” to the phone and pay by simply tapping the phone on a type of reader. Read more text…