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Is Google Wallet (GOOG), off to a sputtering start, a victim of its dependence on NFC...

  • Friday, May 25, 2012, 6:37 PM ET
    Is Google Wallet (GOOG), off to a sputtering start, a victim of its dependence on NFC technology? Not only are NFC chips found in only a small (albeit growing) percentage of phones, the technology requires an ecosystem that doesn't exist, in part due to rival agendas. Meanwhile, PayPal (EBAY) is rolling out an app-based service that allows users to pay before walking into a store, and Starbucks has had success with a solution that scans barcodes appearing on a phone's display. Then there's Square.
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    Pervasive paypal already has such a huge start over NFC they may do well with this service.
    25 May 2012, 08:37 PM Reply Like
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