Verizon cites security issue for nixing Google Wallet

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By Brad Reed – On the surface, it looked like the kind of scenario that net neutrality advocates had long feared: a big incumbent carrier using its network to snuff out apps that compete with its own services. However, Verizon is insisting that this isn’t the case.

Verizon Tuesday denied that it is blocking the availability of Google Wallet on its smartphones and says that it’s ironing out some technical issues with Google to make the application secure to use on its phones. The big issue, says Verizon, is the integration of the Secure Element chip that Google designed specifically for the Wallet application to store encrypted credit card data separately from your smartphone’s memory chip. more> http://tinyurl.com/74oftyw

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