Topic “Isis”

Softcard Cuts Jobs, Restructures, in Sign that Telco Owners are Losing Patience with Joint Venture

NFC Times Exclusive Insight – Softcard’s jobs cuts are more severe than earlier reported, and the layoffs are a sign that the mobile carriers making up the joint venture have rejected a 2015 budget proposed by management of the struggling NFC wallet, NFC Times has learned.

Softcard Touts Rewards to Increase Wallet Activations; Insists it Will Support Wallet on iPhone SIMs

LAS VEGAS, Nev. – Softcard CEO Michael Abbott was selling the value of rewards in the telco-owned mobile wallet today during a keynote address at the Money 2020 conference in Las Vegas.

UPDATED: U.S.: Isis Reports Higher Activations after Six Months, but Many Challenges Lie Ahead

Scope: 
Rollout
Status: 
In progress
Launch: 
Nov 2013
Main Application: 
Payment
Users: 
N/A

Isis launched nationwide in November following a two-city trial in Austin, Texas, and Salt Lake City, Utah, and has made NFC SIMs and Isis-ready phones available in shops of the Isis joint venture

Capital One Reveals Reasons for Quitting Isis, Early Role in Promoting HCE

Capital One Financial’s vice president of digital commerce has spelled out publicly for the first time why the large U.S. credit card issuer dropped its support for the Isis Wallet and also revealed the bank’s early role with MasterCard Worldwide in developing host-card emulation for payments.

AT&T Gears Up to Enable Nonpayment NFC Services, Apart from Isis

AUSTIN, Texas – U.S. mobile carrier AT&T plans to enable nonpayment NFC services, which could run alongside payment applications on its NFC SIMs, but would not be part of the Isis Wallet.

Isis Sets Up Service Provider TSM, as It Seeks to Bring in More Issuers

AUSTIN, Texas – The Isis joint venture will offer a TSM service to banks, which Isis says would enable the issuers to avoid hiring their own trusted service managers to download and manage their applications for the Isis Wallet.

Isis Reports Increased Wallet Activations; No Data Yet on Transactions

Activations of the Isis Mobile Wallet were up substantially in the past month, meaning more users are registering their email addresses and setting up wallet PINs after either downloading the wallet app or using a preloaded app, though Isis remains coy about how often users are actually tapping to pay six months after the wallet’s national launch.

Wells Fargo Joins Isis Mobile Wallet for Pilot

Wells Fargo bank has announced it will make a Visa credit card available in the Isis Mobile Wallet, but only as a trial phase for now.

Isis Launches Nationwide, Though Reveals No New Issuer or Retail Backers

NFC Times Premium Content (Free): The Isis joint venture and member mobile operators officially launched their Isis Mobile Wallet today, with the new Android wallet app now available for subscribers of all three Isis telcos and NFC SIMs in thousands of carrier shops.

Gemalto CEO: It’s a ‘Race’ between Isis and MCX, Though Both to Get Head Start on M-Payments in U.S.

Oct 25 2013

NFC Times Exclusive: France-based Gemalto today reported higher revenue in the third quarter for its mobile-payments platforms as well as increased shipments of NFC SIMs and dual-interface banking cards.

HEADLINE NEWS

Deutsche Telekom Payments Chief Departs; Telco to Revamp Struggling Wallet, Including Planned Support for HCE

NFC Times Exclusive – Deutsche Telekom has appointed a new head of payments and plans to support host-card emulation among other technologies as it seeks to revamp its struggling NFC mobile wallet, NFC Times has learned.

People on the Move: Sequent Software CEO Steps Down; Interim CEO Appointed

NFC Times Exclusive – Sequent Software, a supplier of mobile wallets, TSM and host-card emulation products, has appointed an interim CEO, replacing Robb Duffield, who stepped down earlier this month after having served as CEO for the Silicon Valley-based vendor for just under three years.

GSMA, Telcos Consider Common Platform to Support Tokenization on SIMs

NFC Times Exclusive – Mobile operators are considering shopping for technology to launch a common platform to request tokenized payment cards from such providers as MasterCard Worldwide and Visa and to load the tokens onto their NFC SIM cards, NFC Times has learned.

Visa and MasterCard Change Strategy on Tokenization Fees; Observers See Gambit to Lock in Market

NFC Times Exclusive Insight – Visa maintains that its offer to waive tokenization fees for the long term is designed to simplify the connections between thousands of card issuers and such wallet providers as Google and, perhaps later, Apple, thus driving widespread rollouts of mobile-payments services.

Vodafone’s Proxy-Card Service Likely to Face Difficult Market

NFC Times Exclusive – Vodafone Group’s proxy-card NFC mobile-payments offer, which is designed to enable subscribers to add their credit and debit cards to their Vodafone Wallets as funding accounts linked to a Vodafone prepaid card stored on the SIM, has yet to be launched by any major Vodafone branch operator in Europe.

Canadian Telcos Refuse to Give up On SIM-Based NFC, Though Many Challenges Lie Ahead

NFC Times Exclusive Insight – The head of the Canadian telco joint venture Suretap Wallet told NFC Times that this week’s launch of the telco’s new wallet service was not prompted by the expected expansion of Apple Pay into Canada later this year.

At Least Some U.S. POS Terminals to be Ready to Support Apple Wallet Rewards

NFC Times Exclusive – Major point-of sale-terminal vendors say that their most recently deployed terminals and perhaps others will be ready to accept loyalty cards from Apple’s Wallet when the nonpayment application launches with iOS 9 this fall.

CASE STUDY: Asia-Pac’s First HCE Launch–Higher Transaction Value, Though User Numbers Remain Small

Jun 23 2015

UPDATED: NFC Times Exclusive – Australian credit union CUA has seen a 16% increase in value of transactions for mobile payments since the launch of its host-card emulation mobile-payments app last summer, though user numbers have remained small 11 months after one of the first HCE commercial launches globally.

Vendors Say Mobile Payments at Vending Machines on the Rise

NFC Times Exclusive Insight – Suppliers of cashless payment for vending machines predict the rollout of Apple Pay, along with planned introduction of Android Pay, will continue to reduce the use of cash at U.S. vending machines and will also lead to higher transaction amounts, though did not release actual figures.

Taiwan Banking Joint Venture to Request Tenders for HCE and Tokenization Platform

NFC Times Exclusive Insight – Taiwan’s banking joint venture, Taiwan Mobile Payment Co., has disclosed that it will issue a request for tenders for a host-card emulation and tokenization platform, with plans calling for the technology to be made available to Taiwanese banks for mobile-payments launches by the end of the year.

Apple, Transport for London Face Potential Problems Enabling Apple Pay for Fare Collection

NFC Times Exclusive – Both Apple and Transport for London are trumpeting the coming use of Apple Pay to pay fares on various modes of mass transit in London, including the fast-paced London Underground. But they face a couple of problems.

Apple Announces Addition of Nonpayments Applications, First International Expansion for Apple Pay

Jun 11 2015

NFC Times Exclusive Insight – Apple today announced major new updates to Apple Pay, including the addition of store credit, debit and loyalty cards in the U.S., expansion of the mobile-payments service to its first overseas market, the UK, and a renaming of the wallet app itself from Passbook to Wallet.