First Data also faces uncertainty over “how open Google plans to be with its open platform,” Todd Ablowitz, president of Double Diamond Group LLC of Centennial, Colo., said in an interview.

“To deliver on the promises Google has made will require the founding companies to get very innovative in designing these mobile payment platforms from the start, and we have yet to see if the rhetoric matches the actions,” he said.

American Banker, June 9, 2011
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