Square , PayPal , and Google Wallet  are some of the big tech names making inroads into the mobile wallet and payments space  in the U.S., but in Europe, big hope lies in a group effort announced by major telecoms last summer. Vodafone, O2, Everything Everywhere (a joint venture between Deutsche Telekom and France Telecom) announced last June that they would be banding together and help make mobile wallets more commonplace  in Europe and the U.K. by standardizing payment schemes. (That's similar to the ISIS scheme in which AT&T, Verizon, and T-Mobile are joining forces to make over the credit card .) A smaller telecom provider who was left out of the nexus seems to have snitched to the EU, however, prompting a newly launched investigation  into whether the group's actions and plans sound anticompetitive.
To read news items as they develop, watch for more Fast Feed stories during the day, by clicking here .