Tag: mobile credit cards

Mobile payments partnerships snatched up by Isis

| August 19, 2013

The carrier backed digital wallet has just tied up a number of contracts to help its expansion across the nation.

Isis, the mobile payments wallet that is backed by three of the leading carriers in the country has recently announced that it will be going nationwide before the end of the year and it has just tied up a number of important contracts ahead of that rollout.

The announcement is following the pilot trials that have been held at Salt Lake City and in Austin.

The mobile payments wallet has partnered up with Amex, and Chase. The most recent partnership is with Chase, so that their Freedom, Sapphire, Slate, and JP Morgan Palladium cards will be supported by the service. Isis has already reached similar deals with both American Express as well as with Capital One. Once the cards have been loaded into the Isis app, they can be used for completing transactions at any retailers that accept this form of payment.

The mobile payments wallet from Isis is based on NFC technology.

Isis mobile paymentsThis means that in order to make mobile payments through the app, the user simply has to tap the device against an NFC technology enabled point of sale terminal. That said, it has been acknowledged by many industry experts that the adoption of devices that feature this technology remains quite slow. Moreover, there is a great deal of confusion among consumers regarding which devices do and do not have NFC technology. Moreover, Apple has not yet adopted this tech at all in any of the devices that it has released.

It has been suggested that Isis may have a contingency plan that will help to boost its initial traction by holding off its primary focus as a mobile payments service and focusing on the other elements of the wallet app, such as loyalty rewards and smartphone friendly couponing. These have been important drivers in mobile commerce, so it could be that they can make all the difference in boosting the popularity of the app.

This most recent news of the mobile payments partnership with Chase has only managed to open more doors for Isis, as it grows the number of cards that it can support.

Mobile payments solution to bring Paydiant and Pulse together

| August 6, 2013

The two companies will be working together to be able to offer a purchasing service to its customers.

Pulse, a debit/ATM network, has now announced that it will be working with Paydiant, which is a cloud based mobile wallet provider that also offers redemption platforms, in order to be able to offer participants a mobile payments and commerce solution.

The Paydiant solution makes it possible for Pulse partners to rapidly deploy contactless transactions.

These partners include both merchants and financial institutions. Pulse is hoping that the new partnership will make it possible for those partners to rapidly and easily take on contactless mobile payments as well as cash access functionalities in order to appeal to consumers who are using their smartphones on a rapidly growing basis for a large number of their day to day activities.

Mobile Payments PartnershipThe capabilities of these two companies could potentially produce a very powerful mobile payments solution.

The mobile payments wallet platform at Paydiant is software based and functions in both existing and the latest smartphones, which include both Android and iOS devices, in addition to with existing point of sale terminals that are already being used by merchants who are participating in the program. This means that there will not be any new hardware required, according to the Pulse news release.

Paydiant has explained that its new mobile payments solution provides two new capabilities that could make it possible to accelerate the use and the adoption of digital wallets via smartphones, while improving the efficiency of the transaction process and enhance the overall consumer experience within any ATM or retail point of sale environment where this service is accepted. Those two capabilities are: a software-only merchant acceptance interface and a white label digital wallet app.

The executive vice president of product management at Pulse, Judith McGuire, spoke of the mobile payments opportunity and partnership with Pulse by saying that “Paydiant’s platform enables us to offer both our financial institution participants and merchant partners their own branded mobile wallet.” She went on to add that “Paydiant’s unique approach is an important part of Pulse’s overall mobile services strategy.”