Sprint rumored to be launching their own NFC mobile wallet

NFC Times is reporting that Sprint is currently working on their own NFC-based mobile payment system, which would put them at odds with the rest of the US telcos and Google. Until the Samsung Galaxy Nexus appeared at Google Play, Sprint was the only carrier to ship phones with Google Wallet, though it was relatively easy to install on other devices with the proper hardware. If the news we're hearing today is true, Google may be left with no carrier phones supporting their payment services, as it's US only (for now) and the US carriers have opted for alternative systems -- which would require exclusive control of the secure element inside our phones. Sprint, having hired systems provider Sequent Software looks to be developing their "Touch" wallet system and retain complete control over partners, development, and security. The rest of the US carriers have opted to use the Isis payment system. 

This is turning into a mess. The lure of transaction fees and lucrative partnerships has become so important that everyone is forgetting that we need to use it for them to make money on it. Instead of fighting tooth-and-nail with each other over every penny, they could take one of the existing standards, garner more support from new financial partners, and have a system that works at most every point-of-sale, for most bank cards. Instead, there are a huge group of folks who want to use an NFC-based mobile wallet system, but can't. That's money not being made and not lining the pockets of investors. Everyone needs to get on the same page, pick a system, and put their support behind it so we can use it instead of bitching about it on the Internet. 

I understand the driving force behind innovation in the mobile space is the almighty dollar. I don't like it, but I get it. How about getting it all together and making some, instead of adding another "standard" to the mix?

Source: NFC Times

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