The ISIS mobile payment joint venture, which was created by AT&T, Verizon, and T-Mobile, has just introduced its first banking partners, which include Capital One, Chase, and Barclaycard.
These new banking partners will be adding their debit, credit, and pre-paid cards to the ISIS mobile wallet in time for its inaugural launch in the summer of 2012. These card issuing giants have more than 100 million American customers, providing ISIS with a strong foundation when it hast its first start in Salt Lake City, Utah, and Austin, Texas.
The ISIS mobile payment system is based on near field communication (NFC) to allow a smartphone to be used to make contactless payments. It is currently aligned to become the primary competition for Google Wallet, the other main NFC mobile payment service that was initially launched in September 2011.
Until now, ISIS has been dragging along in terms of its important partnerships when compared to Google Wallet, but within the last few months, ISIS has been snatching up the large handset manufacturers, such as Motorola Mobility, HTC, RIM, LG, Sony Ericsson, and Samsung Mobility, as well as the four largest payment networks, Visa, American Express, MasterCard, and Discover.
Now, with ISIS newly partnered with these additional three financial giants, it appears once more that though it isn’t as far ahead as Google in its launch, it is still capable of securing important partnerships for its mobile payment service.
According to the ISIS CEO, Michael Abbot, these partnerships are “testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers”.
