Report: ISIS mobile wallet to debut next month
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.
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.
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