Mobile wallet
The launch of Isis, the mobile wallet joint venture between US mobile operators AT&T,Verizon Wireless and T-Mobile USA, has been confirmed. According to reports, its delayed NFC mobile payments trial will go ahead on October 22, following speculation to that effect over the last few days. The trial will launch in the two US cities of Austin, Texas, and Salt Lake City, Utah.
Isis was meant to launch by the end of the summer, its second delay this year, following an original launch date during the first half of 2012, then a September target. The hold-up came amid the backdrop of a US mobile payments market that is struggling to live up to the hype to date, with mobile-based transactions across all formats and standards still making up a fraction of the total payments space.
The venture’s head of marketing Jaymee Johnson, who made the announcement, also said that “as many as 20 Isis-ready handsets are expected to be in the market” by the end of 2012, an important factor in determining the service’s success.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
