[tabi] FW: Isis Wallet uses NFC
- From: "Allison and Chip Orange" <acorange@xxxxxxxxxxx>
- To: <tabi@xxxxxxxxxxxxx>
- Date: Sat, 20 Oct 2012 15:59:46 -0400
This is something which I personally think will overcome the entire access
to cash problem of the blind; that is, being able to pay anything from a
soda machine, to a bus fair, to a major purchase using your smart phone.
Unfortunately, Apple is single-handedly holding this technology up because
they are not willing to go along by adding NFC to their phones, but they may
find themselves being left behind.
NFC lets you make the payment by placing your smart phone next to the cash
register, and it will transfer your chosen payment info over radio whose
signals can only travel a few inches, guaranteeing you privacy.
Some smart phones (all Android based) do have NFC chips built-in, but not
I-phones.
Chip
subject: Isis Wallet uses NFC
NEW YORK (CNNMoney) -- In the crowded mobile payments space, a major player
is about to make a long-awaited debut.
<http://www.paywithisis.com/> Isis, a mobile commerce network founded by
three of the nation's biggest wireless carriers -- Verizon Wireless (
<http://money.cnn.com/quote/quote.html?symb=VZ&source=story_quote_link> VZ,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2773.html?
iid=EL> Fortune 500), AT&T (
<http://money.cnn.com/quote/quote.html?symb=T&source=story_quote_link> T,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2756.html?
iid=EL> Fortune 500) and T-Mobile -- will launch in its first two cities,
Austin and Salt Lake City, on Monday, October 22. It's partnering up with
major retailers including Foot Locker (
<http://money.cnn.com/quote/quote.html?symb=FL&source=story_quote_link> FL,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2272.html?
iid=EL> Fortune 500), 7-Eleven, McDonald's (
<http://money.cnn.com/quote/quote.html?symb=MCD&source=story_quote_link>
MCD,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2262.html?
iid=EL> Fortune 500) and Sports Authority.
Isis has serious firepower on its side: In addition to the wireless
Goliaths, its backers include Chase (
<http://money.cnn.com/quote/quote.html?symb=JPM&source=story_quote_link>
JPM,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2608.html?
iid=EL> Fortune 500), American Express (
<http://money.cnn.com/quote/quote.html?symb=AXP&source=story_quote_link>
AXP,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/2493.html?
iid=EL> Fortune 500) and Capital One (
<http://money.cnn.com/quote/quote.html?symb=COF&source=story_quote_link>
COF,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/10388.html
?iid=EL> Fortune 500), which plan to make their credit and debit cards
available for use with Isis' mobile wallet app.
What smartphones can you actually use Isis on? That's the catch -- the
company isn't saying yet.
"By year end, as many as 20 Isis Ready handsets are expected to be in
market," Isis' head of marketing, Jaymee Johnson, said in a written
statement. "We look forward to sharing more details on Oct. 22."
An Isis representative would not comment on when the service is expected to
roll out nationwide.
It's taken Isis almost two years to get its mobile wallet this far. Founded
in November 2010, the venture has been slowly piecing together an industry
consortium and developing the technical infrastructure to realize its vision
of a smartphone-based "mobile wallet" that can store payment cards, loyalty
programs and merchant offers.
Others have gotten there quicker. Isis comes into an increasingly crowded
arena.
eBay's (
<http://money.cnn.com/quote/quote.html?symb=EBAY&source=story_quote_link>
EBAY,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/11070.html
?iid=EL> Fortune 500) Paypal is looking to build on its Web payments empire,
Google (
<http://money.cnn.com/quote/quote.html?symb=GOOG&source=story_quote_link>
GOOG,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/11207.html
?iid=EL> Fortune 500)recently
<http://money.cnn.com/2012/08/02/technology/google-wallet/index.htm?iid=EL>
updated its Google Wallet mobile payments app, and dozens of startups like
Venmo are trying to carve out a foothold. Square, created by Twitter
co-founder Jack Dorsey, currently serves more than 8 million customers a day
through its mobile apps and recently landed a major deal with Starbucks (
<http://money.cnn.com/quote/quote.html?symb=SBUX&source=story_quote_link>
SBUX,
<http://money.cnn.com/magazines/fortune/fortune500/2012/snapshots/10567.html
?iid=EL> Fortune 500), which
<http://money.cnn.com/2012/08/14/technology/startups/square-dorsey/index.htm
l?iid=EL> plans to use and promote Square's system.
Still, Isis' powerful backers could make it a major force in the
still-nascent mobile payments field.
Isis' system relies on NFC (near-field communications) chips, a short-range
wireless technology.
<http://money.cnn.com/2012/07/26/technology/nfc-hack/index.htm?iid=EL>
Fairly few smartphones have the chips currently installed, but almost all
upcoming models will include them. If Isis' carrier partners work with
handset makers to pre-install Isis' software on new phones -- a likely
scenario -- the upstart venture could quickly gain traction.
<http://money.cnn.com/2012/10/19/technology/innovation/isis-mobile-wallet/in
dex.html?iid=HP_River#TOP> To top of page
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