Verizon Smartphone News

December 7, 2011 by staff 

Verizon Smartphone News, Verizon Wireless has blocked Google Inc.’s (GOOG) mobile-payment system, Google Wallet, from the new Galaxy Nexus smartphone, according to media reports on Tuesday. Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and British telecom giant Vodafone plc (VOD, VOD.L), is said to have cited security concerns in blocking Google Wallet.

The Galaxy Nexus, made by South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF.PK, SSNNF.PK), runs the latest version of Google’s Android software and will go on sale later in December. The device is Verizon Wireless’s first Android phone that uses a near-field communications or NFC chip that can transmit payment information to store registers through Google Wallet.

NFC lets devices communicate wirelessly with objects immediately nearby. The technology enables not only payments, but also enables consumers to use a handset for such tasks as redeeming coupons and loyalty points at local retailers.

The move by Verizon Wireless is seen as a setback for Google as competition intensifies between services that let consumers pay for goods with mobile phones. Verizon Wireless and its partners AT&T Inc. (T) and T-Mobile USA reportedly plan to invest in a mobile payments joint venture called Isis, which will compete with Google Wallet.

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