"The reason Verizon has chosen to kick Wallet out of the device is likely because of their recent creation of a new mobile payment project called ISIS. ISIS not only features Verizon, but also is a partnership with AT&T and T-mobile to build a new mobile payment network much like Wallet. It is supposed to roll out in 2012."
Surely the FTC won't let that stand on anticompetitive grounds?
Businesses are not under a general obligation to facilitate the activities of their competitors. Nor is Verizon a monopoly in the usual sense, upon which special obligations might be placed.
Unless some sort of settlement were reached, you'd basically have to prove ISIS is a "contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce" (15 U.S.C. §1). That would be an expensive, multi-year legal battle by itself, and may or may not succeed. Then there's the question of what to actually do about it, which isn't necessarily going to be "oh, just allow other payment providers".
The 700 MHz spectrum that Verizon uses for their LTE network has neutrality restrictions, including "Consumers should be able to download and utilize any software applications, content, or services they desire". http://en.wikipedia.org/wiki/United_States_2008_wireless_spe... Blocking an app would appear to violate that rule.
However, Google may be "voluntarily" witholding Wallet on the Galaxy Nexus to avoid regulatory problems.
Surely the FTC won't let that stand on anticompetitive grounds?