Isis talking with Google about transferring between Google Wallet and Isis WalletFeature
Posted by Seth PlanckJune 02nd, 2011 at 4:38 PM Filed Under Events, Featured, Latest News, Rumor
ISIS talking with Google about whether they can all get along and play nice together.
AT&T’s Mobility CEO, Ralph de laVega, was questioned today by the audience members at AllThingsD’s D9 event about ISIS. During his interview one audience member, Leslie, who used to work for T-Mobile asked“We talk a lot about mobile commerce, and I want to hear about the role of the carrier when your phone is the credit card.”
“We’re really excited about ISIS — one of the things that concerned us, we didn’t want to see a fragmentation of the technology. We formed together to attempt to unite the industry. To try to keep ISIS on an open playing field,” Vega retorted.
Google Wallet is not competition, ISIS talking with Google about harmonizing services.
The CEO of the United States’ soon-to-be largest carrier spoke of his view of how the NFC-enabled mobile payments industry should be.“If you want to switch from one carrier to another, you take your wallet with you. That’s the basis for us creating ISIS, to ignite the industry. It doesn’t necessarily compete with Google Wallet.” However, this could suggest that the companies would have direct access to your financial information in order to effectively transfer details from carrier to carrier. We smell security risks!
ISIS talking with Google about compatibility between ISIS Wallet with Google Wallet
Ralph: “We’re talking with Google to attempt to put this altogether as one. This is an area people are still trying to feel out, but we’re very open in this.” we want to replicate the real wallet you have today, with no worries over moving from one OS to another, or one carrier to another.”
The ISIS Joint Venture, which includes AT&T, T-Mobile & Verizon recently decided they could not compete as a merchant, leaving them to find an alternative model to follow. Last week Google announced Google Wallet, the NFC-enabled mobile payments solution we have all heard about, where Google and its partner Sprint would not charge any transaction fees for the usage of their application or data to make purchases. Both companies announced that they supported an open ecosystem and that they would make their money in advertising and selling phones and contract plans respectively.
Google’s announcement no doubt left the ISIS Joint Venture scrambling as they had intended to charge banks and merchants transactional fees for using their bandwidth. The whole ISIS talking with Google line sounds like a knee jerk reaction that follows the old “if you can’t beat them, join them” tactic to us. Sprint is the only one of the big four carriers in the U.S. to publicly state that they will not charge any fees for NFC payments.
ISIS talking with Google, it sounds like they may be re-imagining their place in the new order. We are sure that their model has to change to not pass on charges to financial institutions and merchants, but only time will tell. We now know that ISIS talking with Google, shows a will to align but what remains to be seen is what Google has to say back.