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Monday, 11 June 2012

Sprint working on Google Wallet alternative?

New effort would be a setback for Google, which counts Sprint as its only carrier partner currently offering the Web giant's mobile payments service.


In what would likely be a setback for Google, Sprint is reportedly planning to launch its own mobile wallet as early as this summer.
The near-field communications (NFC) effort will be called "Touch," sources tell NFC Times. One of the advantages to the carrier creating its own mobile wallet is the opportunity to build relationships with banks and other service providers, something Google Wallet does not allow, the sources noted.
"The limitation isn't the wallet; the limitation is the secure element," a source at Sprint told NFC Times, adding that the Sprint wallet offers a "legitimate alternative to Isis."
CNET has contacted Sprint for comment and will update this report when we learn more. The company did tell NFC Times that it was proud to be the first carrier to offer Google's mobile payments system.

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