Google’s new Wallet plan: Share the take with carriers
Google’s mobile payment system, known as Google Wallet,” has not received the kind of warm welcome that the company might have hoped. First, there were issues with Verizon blocking the service on the new Galaxy Nexus as the carrier prepped its own rival service, known as “ISIS.” Wallet then had a few roadblocks with security concerns related to prepaid cards, which the company apologized for with complimentary $5 deposits to Google wallet users. Today, a report from Bloomberg citing “people with knowledge of the project” claimed, despite being “enthusiastic” about progress, Google is considering sharing revenue with carriers to get them to support the technology: