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Report: ISIS mobile wallet to debut next month

Report: ISIS mobile wallet to debut next month
"The carrier platform with Isis has more of an opportunity for success than some of the others, and at least more than Google Wallet has demonstrated so far."-Maribel Lopez, analyst Lopez Research LLC
ISIS is a mobile payment system devised by Verizon, AT&T and T-Mobile to challenge Google Wallet and Sprint. A report by Bloomberg says that the service will debut in September. Verifone, a company that makes the payment terminals used for ISIS, is getting ready for the introduction of the system next month in Salt Lake City and in Austin, Texas according to Chief Executive Officer Doug Bergeron. This comes after a delay that saw ISIS fail to deliver on its original launch due during the first half of the year. Instead, the three carriers involved went back to the drawing board to rework the idea of the mobile payment system that lets you pay for purchases by waving your smartphone in front of a terminal.

One of the reasons for the delay in ISIS' launch was the decision by the three carriers to use credit card companies to handle the transactions. Originally, the carriers were going to handle transactions themselves, but instead it was decided on to use companies more familiar with the process. ISIS had to then spend time to go back and make sure that the payments technology was secure.

ISIS appears set to launch next month

ISIS appears set to launch next month

With Google Wallet, eBay, Sprint and ISIS all trying to win mobile payment business, what's the big deal? The big deal is that according to Juniper Research, mobile payment transactions will rise by a factor of 4 to hit $1.3 trillion by 2017. Maribel Lopez, an analyst at Lopez Research LLC says that while Google Wallet has yet to catch on, the carrier platform of ISIS has a better chance of success.

The technology requires phones that support NFC. Not too many handsets currently do, although the T-Mobile Samsung Galaxy S II just received an update on Tuesday that not only added NFC support to the phone, bu also added support for ISIS. Laurel Cifala, a spokeswomen for ISIS, would not comment on a launch date for the service except to say that ISIS will debut before the end of Summer which would be before September 21.

source: Bloomberg

UPDATE: ISIS is expected to be available next month for the Samsung Galaxy S III, Samsung Galaxy S II, HTC Amaze 4G, HTC One X and the HTC Droid Incredible 4G LTE

source: AndroidAuthority

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posted on 28 Aug 2012, 22:11

1. TheRetroReplay (Posts: 245; Member since: 20 Mar 2012)


Let's see, the Galaxy Nexus, the phone that Google wanted to flagship their Google Wallet, blocked from Google Play by Verizon and other carriers because they wanted to use Isis, came out in December of last year. It took them 9 months to make this program finally available?

9 months it too them to finish Isis while Google Wallet was out shortly after the launch of the Nexus. Isis is supposed to compete with Google Wallet, which had a 9 month head start.

There's a gear that missing in this machine, and I can't place my finger on it.

posted on 28 Aug 2012, 23:09

2. e.wvu (unregistered)


I don't really care for this feature. That's what my debit card is for. Phones are easier to lose than credit cards, so depends on how secure the NFC device is, or if it works the same as a debit/credit card, there's going to be a lot of stolen devices.

posted on 29 Aug 2012, 02:09

3. Forsaken77 (Posts: 547; Member since: 09 Jun 2011)


I don't think it's gonna be an NFC feature. That's what Google Wallet is. I think you'll basically input your credit card info into your phone and the phone will display a bar code on the screen that, when scanned by the register, will start the credit card transaction. Something to that effect. I don't believe all of the phones mentioned above have NFC built in anyways.

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