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Posted by Seth PlanckSeptember 22nd, 2011 at 9:22 PM Filed Under Featured, Latest News
America’s Isis crisis in NFC mobile payments
Since Google launched its Google Wallet earlier this week the Isis crew have been out in full force talking about Isis, which probably won’t get to market until in Salt Lake City and Austin until early-mid 2012, and that is just in a couple of test cities at that. If you have never heard of Isis let us give you some back story. Isis is a joint venture formed by AT&T, T-Mobile and Verizon where the three mobile network operators have come together to go into the NFC mobile payments business together, effectively controlling most of the market in the United States. Each mobile network operator intends to charge companies for having an NFC payments capable app stored on a subscriber’s phone and then Isis will act as a trusted service manager that provisions security apps being installed and acts as part of the payment process. If you would like to know more about what a trusted service manager is and does, check out our post here.
Posted by Seth PlanckAugust 29th, 2011 at 12:39 PM Filed Under Latest News, Rumor
Isis gets $10 million investment from Verizon, T-Mobile & AT&T as it plans to fight Google Wallet and prepares for the NFC wallet wars
Verizon Wireless, AT&T Inc. and T-Mobile USA are planning to invest more than $100 million in the Isis joint venture, which allows customers to pay for goods and services with their NFC phones, people close to the matter told Bloomberg’s Business Week. The war chest capital injection sets up Isis to compete in the upcoming NFC wallet wars that will see Google Wallet, PayPal, Visa, MasterCard, potentially Apple and Isis enter into the fray to duke it out to see who rules consumers’ bank accounts and payments. However, the amount of funding that Isis actually receives is said to be dependent on how many banks and merchants the joint venture can secure. The funding is private so is not public knowledge and full details may never be known. Many aspects of the Isis joint venture’s plans have been secretive so far with no word on issues that may impact consumers’ choices and the ability for competitors to compete on the three major networks.
Posted by Seth PlanckAugust 26th, 2011 at 11:07 AM Filed Under Latest News
NFC is enabled on your Nokia, now what? Start by downloading Xchange NFC app from the Ovi store!
Nokia has been at the forefront of NFC for some time. Just yesterday Nokia announced three new NFC smartphones to join its Nokia C7 / Astound and the sought after Nokia N9. The new Nokia 700, Nokia 701 & Nokia 600 are launching imminently and users are asking, “What can I do with NFC?” The answer is a lot. Nokia itself has released its Nokia Essence earbuds that pair with Bluetooth using NFC, the Play 360 NFC speakers and a couple of media receivers that allow you to connect the tunes on your phone with a home cinema system. Games are available with NFC features and more are in development, and data and file exchanges just got a little taste of frictionless NFC goodness too.