Google thinking of sharing Google Wallet revenue with Verizon and AT&T
share its Google Wallet revenues with Verizon and AT&T. This would give the latter two carriers a monetary incentive to see Google Wallet succeed. But there is a hang-up with this plan. Verizon and AT&T along with T-Mobile are part of a competing mobile payment system called ISIS. And while ISIS has yet to launch, it already seems to be ahead of Google Wallet thanks to a number of partnerships that the start-up has entered into.
But Google didn't get to where it is now by not thinking ahead. The company has a back-up plan and if the carriers refuse to join the Google Wallet team, Google will forget about them and instead, put up payment terminals that would send payment information directly to Google's servers thus eliminating the need for the carriers. The only problem there is that these terminals would require more of an investment from Google. Hopefully for Google, the carriers will agree to the revenue sharing plan, although that is far from being a sure thing. After all, ISIS will soon be launching and as we said, it appears to already be where Google Wallet needs to go.
1. JunitoNH (Posts: 650; Member since: 15 Feb 2012)
Doesn't Google realizes carriers don't want to share, want all profits to themselves. Sorry G, you dropped the ball.
2. JGuinan007 (Posts: 564; Member since: 19 May 2011)
The Carriers Invested too much of their own money into Isis for them to get on Google wallet it wont happen til after Isis go live then fails then the carriers decide to take Google up on their offer wich won't happen for 2 more years
3. theBankRobber (Posts: 631; Member since: 22 Sep 2011)
I just don't see why people get excited about this.
4. iHateCrapple (Posts: 734; Member since: 12 Feb 2010)
Judging by the comments and lack thereof, I'd say no one is...lol
6. Skidro13 (Posts: 51; Member since: 27 Jul 2010)
I don't understand why people wouldn't be excited. This technology is the future!As a Verizon galaxy nexus user I can attest to the simplicity and ease that Google wallet nfc transactions bring to my life. I don't care if its Google or Isis. I just want one of them to be used everywhere. And fast.
7. Hunt3rj2 (Posts: 396; Member since: 11 Nov 2011)
And if you live in Japan this has been reality for years.
9. TheRetroReplay (Posts: 227; Member since: 20 Mar 2012)
The one problem I have with Google Wallet is that there are hardly places with Pay Pass. The only places that I've seen have it are Burger King and McDonalds, all the retail stores, malls, grocery stores and whatever, just don't have it.
As much as I love Google Wallet, it's practically useless to me. Like Hunt3rj2 said, that technology has been in Japan for years.
And sadly, this won't be a popular thing until Apple puts it in one of their next iPhones.
10. ThreeFourSeven (Posts: 25; Member since: 23 Nov 2011)
If Apple did this type of technology in their iPhone. They would have done it right. I love the fact that Apple doesn't allow the carriers to get involve in their products. The carriers are at the mecry of Apple, they can do whatever they want to. Now Google on the other hand, love them but when you let Verizon mess around with the Galaxy Nexus. You drop the ball.
11. CM_Punk (banned) (Posts: 173; Member since: 13 Mar 2012)
Chalk up another failed service from Google. Google can not compete in the mobile banking industry when it can barely fair any better in any other markets it's tried to enter.