The kerfuffle painting the Google Wallet app as an innocent victim of Verizon blocking — in violation of an “open” Internet and net neutrality regulations — completely misses the forest for the trees. This conflict revolves around two ongoing industry battles. First, whether or not apps should be vetted for security, privacy, and other legal concerns before public release or …
Google Wallet Puts Banks In Its Pocket
Google Inc. isn’t asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks. Google plans to make money through an associated service in which merchants pay to display coupons on the phone screen. Banks may be leaving money on the table if they …