Tag: mobile wallet

Isis mobile wallet activates 20,000 new users per day

| May 21, 2014

The company also stated that it brought in 600,000 new members over the last month.

The Isis mobile wallet joint venture in the Unites States has now released a report that has indicated that it is activating an average of 20,000 new users per day, and that during the last month, it enjoyed an addition of 600,000 members over what it had previously registered.

Isis is the joint venture that brings AT&T Mobility, Verizon Wireless, and T-Mobile U.S. together.

This mobile wallet, like the other giants in this category, had a very slow start, facing far more challenges to adoption than had been anticipated. Now, it is gradually releasing a trickle of data to help to show its marketplace performance since its initial nationwide launch in November. Michael Abbott, the CEO of the company, wrote in a blog post that the current activation rate had reached double what it had been during the month before. That said, the company failed to mention exactly how many total activations had occurred since its NFC technology using mobile payments service became available.

There are now 68 different device models from the telecoms that support the Isis mobile wallet.

At the same time, Isis comes preloaded on 14 smartphones from Verizon, T-Mobile, and AT&T, and the plan is to add even more preloaded devices in the future. In his blog post, Abbott added that “We plan to further broaden our ecosystem of partners to provide customers with more options as well as new ways to save. We’ll continue to offer compelling consumer deals–all with the goal of helping consumers become ever more comfortable with mobile wallets.”Mobile Wallet - Isis

He also explained that in that vein, they will maintain their goal toward innovation to ensure that the users of Isis will be able to take advantage of an experience that is “simple and enjoyable” as they make their product purchases and complete their payment transactions.

A spokesperson for the company underscored the fact that this mobile wallet is now accepted at “hundreds of thousands” of store locations across the country that currently support mobile payments using contactless NFC technology. Some of these include Coca Cola vending machines, Jamba Juice, and even McDonald’s.

Mobile payments market cleanup attempt to be made by industry giants

| February 10, 2014

Two major players in smartphone transactions have teamed up to boost the market – MasterCard and Weve.

Mobile Commerce - MasterCard PartnershipMasterCard and Weve have now come together in a partnership that is designed to help the mobile payments market to clean itself up, smooth itself out and become considerably more appealing to merchants and consumers alike.

The scattered and inconsistent nature of the market is a major factor that is holding back the adoption of the tech.

This new mobile payments partnership is made up of credit card giant, MasterCard, and Weve, which is a joint venture comprising of the three largest mobile operators in the United Kingdom: O2, Vodafone UK, and EE. They will be working together to develop something altogether new and that will hopefully do what the market has failed to be able to provide until now.

They have described their goal of creating the U.K.’s “most comprehensive contactless mobile payments system.”

This is meant to help to create a contactless system for paying for products and services through the use of their smartphones and mobile devices, in a way that will be simple and convenient for consumers to use, while being cheaper to manage for banks. The role that MasterCard has taken on is to provide the system with the integration services and the technology to make it possible for financial institutions such as banks to be able to step into the payment platform from Weve.

Weve’s CEO, David Sear, said that this contactless transaction technology in the form of credit and debit cards has been taking off in the United Kingdom. He explained that there are currently 36 million people in the U.K. who are using this type of card, and that more than 300,000 retailers there are able to process this type of transaction.

Equally, he admits that paying over mobile devices using similar technology is “a bit of a mess”. He stated that it “may sound harsh, but it’s inescapably true; to date, the industry has created a level of discussion and confusion driven by a multitude of announcements that actually haven’t delivered mobile payments systems that works the way that consumers want and need them to.”