Tag: isis mobile wallet

The company has come up with a new near field communication solution for the mobile wallet.

The leading NFC technology provider for mobile wallets and engagement tech, Proxama PLC, has announced that it will be working with Isis for its mobile payments solutions.

This partnership is meant to help to boost the Isis mobile wallet app for enabled devices.

Isis is the mobile wallet venture created by Verizon Wireless, T-Mobile USA, and AT&T Mobile. They will be working with Proxama in order to develop the app for NFC technology enabled devices through the use of the BlackBerry 10 operating system. The effort is meant to help to expand the use of the wallet within the North American marketplace.

The use of NFC technology based mobile wallets has been slow to take off, so the hope is that this will help.

The Proxama managing director, Miles Quitmann, explained that “The roll out of Isis is a significant step forward for NFC as a mainstream consumer technology. We are delighted to be working with Isis on this very exciting venture. Proxama has built up an enviable position in the mobile wallet space. The North American market is a really important one for us.”

The technology platform at Proxama has been shown to be effective in supporting customer loyalty, engagement, and secure contactless payments through the use of NFC technology. Proxama is already working with some of the top brands through this tech, such as Barclaycard, EE, KFC, EAT, and others. These have helped to expand the use of mobile wallets and to boost customer engagement.

At the moment, the adoption of NFC technology based payments has been held back primarily by the limited number of devices that are equipped with these chips. However, as a growing number of device models are released with near field communication, and as the awareness of these types of payments begins to expand, it is believed that it will not be very long before these mobile wallets become a part of the mainstream for completing purchase transactions at a point of sale in a brick and mortar store.

Mike Abbot presented the future of this smartphone based program.

Money2020 was stirring with the latest mobile payments news that was released by the Isis smartphone based wallet through the presentation made by its CEO, Mike Abbott.

The primary focus of the presentation was that the service makes paying simple, secure, and smarter.

The central element of the Isis mobile payments wallet is that a user is able to add a multiple credit cards into this digital service, and that each of these cards can be accessed through a single password or pin. Moreover, the type of card that can be added to the wallet is not limited to credit.

This mobile payments service also holds loyalty cards and opportunities for discounts and offers.

For example, beyond the loyalty cards that allow for points collection and redemption, for example, this mobile payments service also gives users the ability to receive and store coupons and deal offers that can be redeemed in store.

The mobile payments wallet is based on technology referred to as Smart Tap. This is an NFC based technology that allows a smartphone to be tapped against a reader device in order to complete a transaction.

Abbot announced that new phones are now being rolled out through partnerships with Verizon Wireless, AT&T Mobile, and T-Mobile. These devices will be sold with the Isis wallet preloaded, so that consumers will automatically have this service available to them upon the purchase of their devices. The launch of the preloaded phones will occur within the last quarter of this year.

It was noted that while some may think that mobile payments are not taking off at a rapid rate, the latest predictions for the United States are implying that half (50 percent) of all households will be using this type of transaction in at least one form by the year 2020. This indicates that the potential for growth in mobile wallets that are not limited to a single type of card and that also include loyalty programs and coupons, is a tremendous one and that it should not be overlooked or underestimated.