In a rather unfortunate bit of news regarding Verizon's Galaxy Nexus, a rumor that the device will not have support for Google Wallet has been confirmed.

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A Google spokesperson confirmed to Computer World today that the hotly anticipated Nexus device won't support Google's burgeoning NFC-based mobile payment system, but gave no word as to why Verizon decided to forego the service.

Verizon's decision could have something to do, however, with Isis – a consortium comprised of VZW, AT&T and T-Mobile, who have paired with four major credit card companies to form their own NFC-based payment venture. Of course, this is purely speculation, as there's no official word just yet regarding the Nexus' lack of Wallet functionality. We'll be here, as always, to report on any new details that may roll out.

Via Computer World

Thanks, gogeta3455!