We heard last week that Sprint was in the process of developing their own mobile, NFC-based, payment system. Android Central has exclusively obtained a few slides from an upcoming presentation, revealing to the world that the rumors were true. According to the screenshots, we can see Target, Best Buy, McDonad's, Macy's, Barnes & Nobel, Starbucks, Dicks, and some others. We're not sure if these are just example companies or if these are companies set on accepting Sprint's upcoming mobile payment solution.
Sprint, being Google's exclusive Wallet partner didn't seem to steer too far from Google Wallet's design. Upon launching the application, you're presented with a familiar authentication screen, requiring you to enter your passcode to unlock the application. After a brief unlocking animation, users have the option to access the application home screen or if a card is tapped onto a card reader to make a payment, a credit card image is displayed. When you're all done, the application re-locks itself while displaying a brief locking animation.
Sadly, the slides don't provide a whole lot of information. A few questions still remain. What will happen to existing Google Wallet enabled phones on Sprints' network? Will new devices come with Touch Wallet pre-installed over Google Wallet? More importantly, will users have a choice in the matter? Hopefully users will have a choice. Choice is good. Choice leads to competition. Competition leads to innovation. And, innovation lead to better applications, yielding happy customers.
Personally, I'm still holding out for the one solution to rule them all type of scenario. I'm afraid if we continue down this path, in the future we could end up having ATM style processing fees for using your mobile wallet (think debit card) at a location where your bank isn't supported. I'm not all too excited to pay $1-2 per transaction as we sometimes have to do now to make ATM withdraws. Unfortunately, money is involved. Anything could happen and your guess is as good as mine.
Source: Android Central