Earlier this month, Google hit a security snag with Google Wallet that ended up exposing sensitive payment information for people who had their phones stolen and settings wiped. In general, Google doesn't like to think things through and seeing as how they've been racing through development to be at the forefront of digital-wallet adoption, this is not a surprise. Thankfully, Google was proactive about solving the problem and at least gave Google Wallet users some half-baked recourse.
What may come as a surprise to some is the reaction of Isis CEO Michael Abbot. For those of you not familiar, Isis has been in the process of developing a technology that would act as a framework for payment processors to integrate with. It's similar in concept to Bump in the sense that mobile phone manufacturers would build in their NFC technology and consumers could simply tap their phones against a retailers cash registers to render payment. They have been developing this technology with backing from Verizon Wireless, T-Mobile and AT&T and are looking to start technology trials in Austin Texas and Salt Lake City Utah around July this year.
Find out why Abbot's thinks Google hasn't ruined digital-wallet adoption after the break.