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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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From: Bill Wolf	12/6/2011 8:43:05 AM
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Verizon Blocks Google Wallet on New Smartphones By AMIR EFRATI Google Inc. said late on Monday that Verizon Wireless is blocking it from installing an app called Google Wallet on a new line of smartphones powered by its Android software. Verizon this month will begin selling the Galaxy Nexus, a smartphone developed by Google and Samsung Electronics Co., but it won't include an app that is key to Google's attempt to tap the local-business advertising market. Google Wallet lets people use phones to make payments, redeem digital coupons and earn loyalty points with merchants. A Google spokesman said Verizon asked it not to include Google Wallet on the new Galaxy Nexus and that consumers won't be able to download it through the Android app market. "Verizon asked us not to include this functionality in the product," the spokesman said in a statement, without elaborating on the reason behind Verizon's move. Verizon has teamed up with rival carriers AT&T Inc. and T-Mobile USA on a joint venture that also lets people make payments and redeem offers via their smartphones. That competing project, called Isis, is expected to begin trials next year. Verizon didn't immediately respond to requests for comment. Google is betting big on the Google Wallet app, which is installed on some phones carried by Sprint Nextel Corp. and relies on technology called near-field communication, or NFC. The payment system can allow Google to offer retailers more data about their customers and help retailers target ads and discount offers to mobile-device users near their stores. Google hopes to sell ads and discount offers to the local merchants. The viability of Google Wallet could called into question if Sprint, the No. 3 wireless carrier in the U.S., were the only carrier that supported the app. A ComputerWorld.com blog earlier reported on Google Wallet's absence on the Galaxy Nexus. Write to Amir Efrati at amir.efrati@wsj.com

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