Verizon plans to launch new payment system with AT&T Inc. and T-Mobile USA
Verizon has decided to block its customers from installing Google’s new Wallet application on the new Samsung Galaxy Nexus.
By doing this, Verizon Wireless said that it was waiting to provide a wallet application until it can offer "the best security and user experience." Verizon and rivals AT&T Inc. and T-Mobile USA are part of a consortium worth $100m called ISIS that is planning its own payment system.
The Galaxy Nexus, which is slated to go on sale this month, runs the latest version of Google’s Android software.
Verizon spokesman Jeffrey Nelson said as architected by Google, Google Wallet needs to be integrated into a new, secure and proprietary hardware element in our phones. "We’re working to provide expanded services that will provide the best security and user experience in the market around mobile commerce. We expect to provide access to an open wallet when those goals are achieved," Neslon added.