Despite the fact that multiple conglomerates of massive companies have teamed up to provide Near Field Communications mobile payment services in the future, Sprint is forging ahead to develop there own NFC solution apart from the rest of the industry. There are several companies that have announced NFC payment systems coming this year and next, like the Google and MasterCard team-up, and the combination of AT&T, T-Mobile, and Verizon Wireless, called 'Isis'. This doesn't seem to phase Sprint as they want to get their own piece off the pie when it comes to mobile payment processing in the future. This pie is expected to be pretty huge too, as the research company 'Gartner', projects there will be 340 million mobile payment users world-wide that will account for $245 billion worth of transactions by 2014.

Sprint’s vice president of product platforms, Kevin McGinnis, told Bloomberg that Sprint intends for it's NFC to be “an open solution” that will work in a variety of physical locations. He also added, “Because we’re allowing other brands and other institutions to participate, they can also tell their consumers that this is available on Sprint." This seems like smart marketing, but it remains to be seen how competitive Sprint can make a go at it alone. Of course, they've been holding there own doing that for some time now, so only time will tell.

Source: BGR