Sprint working on its own mobile payment platform
0. phoneArena 08 Jun 2012, 19:15 posted on
With AT&T,T-Mobile and Verizon opting to support the ISIS mobile payment platform over Google Wallet, word comes that from NFC Times that Sprint will be launching its own NFC based mobile payment system this summer...
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1. ckingt4 (Posts: 26; Member since: 15 May 2012)
Another terrible business decision by sprint. They just need to overhaul they're whole management team.
2. lsutigers (Posts: 759; Member since: 08 Mar 2009)
Not so much....actually, this is a great idea. This will be a highly lucrative business in the next few years and Sprint doesn't want Google to eat the whole pie using 55+ million Sprint customers. I realize not all have NFC capable smartphones but that is their customer base. Google Wallet is fine for now but due to it's lack of traction, it's a good idea for Sprint to look into it's own mobile payment system to capitalize on the growth. Sprint is pretty good at being innovative, they know what they need to do to capture the attention of the big players, it all comes down to money. If they can offer an attractive fee based alternative to Google Wallet and ISIS, the banks / credit card companies will sign up. This is a "fee per transaction" model so there would be no reason for them not to do it.
3. ckingt4 (Posts: 26; Member since: 15 May 2012)
The fact that they are offering their own system instead of Google's or Isis means slower roll out and scarce availability. Reminds me of their choice of wimax knowing the rest of the world was dead set on lte.
5. lsutigers (Posts: 759; Member since: 08 Mar 2009)
I see your point but keep in mind that these banks or credit card companies dont have to support only 1 system, they can have agreements with Google, ISIS and Sprint. There really is no advantage to going exclusive to one system, say ISIS, particularly if the fee terms are more favorable with Sprint or Google. We shall see how this plays out but I think this is a good idea for Sprint.
7. ckingt4 (Posts: 26; Member since: 15 May 2012)
Thats definitely fair lsu. My big issue is the investment from sprint, this will not come without a price tag. Whereas with ISIS the investment is split and google wallet is Google sustained.
4. DonLouie (Posts: 594; Member since: 22 Dec 2008)
Some more goofy crap to waist money on, could see if this were the red monster or the blue ball. Improve my signal and get LTE up, this super slick EVO is underutilized....
6. Tynet (Posts: 1; Member since: 10 Jun 2012)
Since NFC, ISIS and Sprint's upcoming payment platform are all new, standardization is far from settled. I applauld Sprint's innovation and creativity. Once these companies get too big, they get too powerful and dictate the terms to consumers i.e. unlimited data plans. I like having choices and can appreciate Sprint's risk taking, because once AT&T and Verizon get you locked into a contract, they'll find more says to suck more money from you so kudos for them giving their customers different choices.