Posts Tagged ‘ isis ’

WSJ Reports ISIS Launch Date is October 22, 2012

Wall Street Journal reports ISIS Launch Date will be October 22, 2012

A rumor that has been circulating for several days appears to have been confirmed: the Isis mobile wallet will launch in its two test cities (Austin and Salt Lake City) on Monday October 22, 2012. The rumor received some credibility when the Wall Street Journal reported it today. Also, the twitter account @paywithisis, which is unverified but appears to be legitimate, tweeted this today, “It’s official: We’re launching in Austin and SLC on Oct. 22″

It is important to note that the Isis web site has no press releases regarding an October 22 launch date as of today.

The WSJ article reports the following: Continue reading

Whitepaper: Google Wallet and the New Payments Ecosystem

Google Wallet Whitepaper by David W. SchropferMobile payments is starting over. When the Google Wallet launched on September 20, 2011, the first test of a remarkable new financial ecosystem began. But despite the apparent success of traditional mobile payments products like M-PESA in Kenya and South Africa, Google and rival Isis have decided to rewrite the business model – and for good reason. Actually, four good reasons: Continue reading

According to ISIS: “NFC…Just About to Explode.”

Image Credit: Dial-a-Phone / ISIS

Yesterday, Andrew Johnson  of American Banker magazine (and PaymentSource) interviewed ISIS head of marketing Jaymee Johnson (no relation).   In the article published today, Johnson said:

“The handset pipeline around NFC is basically just about to explode,” Jaymee Johnson, ISIS head of marketing, said in a June 22 interview.

“That will change pretty dramatically … by the early part of next year and really the end part of this year,” Johnson added.

Click here to read the full article.

Google ‘Wallet’ Will Be More Secure Than Plastic Credit/Debit Cards

Image Credit: cloudave.com

Yesterday, the Google Wallet was announced.   given that security has always been the number one concern of consumers, the most important question on people’s mind is, “will it be more secure?”

The short answer is: Yes.

Here’s why:   a Smartphone can be secured on the network of your bank, or the network of your credit card company, or any other network using the exact same technology that secures your smart phone on the network of your mobile phone company.

Do you remember decades ago when fraudulent Continue reading

Google, Mastercard, VeriFone, and (Many) Others Create a Third Mobile Commerce Format

Google, MasterCard, VeriFone, First Data, Citi, Sprint, Bloomingdales, and many others teamed up today.

Google, MasterCard, VeriFone, First Data, Citi, Sprint, Bloomingdales, and many others teamed up today.

Mobile commerce in the United States will have three Mobile commerce products,  each with similar features, similar benefits, similar functions.  However, all three have different sets of partners,  operate on at least two different types of networks, and will certainly have three different delivery systems.   It’s like a triangular boxing ring with the  boxer in each corner:  if two of the three decide to work together, it’s over.

Chapter 3 of the book, The SmartPhone Wallet describes the negative impact that a Continue reading

VeriFone Defines Next Generation of Mobile Commerce Services with PAYMEDIA

Verifone's New PAYMEDIA Solution

VeriFone has crystallized its long-term position in a pivotal announcement today about a new product determined to put the VeriFone POS devices at the coveted center of payments, loyalty, and mobile commerce industries.  As reported by American Banker this morning, VeriFone’s new service is called, “PAYMEDIA Solutions” and it appears to have the feature-rich experience that several different companies are attempting to provide to consumers through the emerging mobile commerce sector. Continue reading

Will Retailers Use “Tender Steering” to Control Interchange Fees?

A process called “tender steering” is new to most retailers.  It means that a retailer can provide incentives to customers to use a particular type of card to pay.  This method could give retailers the power to drive interchange rates down by driving customers to some types of cards and away from others.

You might think that after half a century of having little or no control over the fees they pay to accept card payments, retailers would be demanding that all mobile commerce products and NFC-enabled systems support tender steering.  They are not.  Retailer associations have been virtually silent on the topic, and there are no reports of major retailer pushing this service.

Continue reading

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