PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Isis Starts with Two Towns, Sprint Goes It Alone, Both Say Open, and the New Distinction

George Peabody by George Peabody
April 5, 2011
in Uncategorized
0

Vintage still life. Vintage compass lies on an ancient world map in 1565.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Isis mobile commerce joint-venture ofVerizon Wireless, AT&T, and AT&T’s acquisition targetT-Mobile has selected the first two cities for NFC paymentroll-out, Salt Lake City and Austin. Salt Lake City is a natural asthe Utah Transit Authority already accepts open-loop card payments.The reasons are less clear for Austin, but it is a tech-forwardtown and its home to Gemalto’s U.S. operation.

The Salt Lake City roll-out is scheduled for early to mid-2012.Transit is a natural as well because most people use it twice aday. That’s a lot of volume and a great opportunity for learningabout mobile commerce opportunities with nearby merchants.

Isis says its system will roll out nextyear, meaning people with enabled phones can make point-of-salepurchases at retailers across the Salt Lake City area by tappingtheir handsets against terminals.

The group has also inked a deal with Utah Transit Authority (UTA)to let people pay for journeys on public transport in the area withtheir phones. UTA already lets residents pay with contactlesscards.

What’s even more significant is thestatement from Isis that its exclusive deal with Discover is overand that it’s opening up its platform “to all merchants, banks,payment networks and mobile carriers.” An “open” NFC system is whatwe all want, but of course the devil is in the details of thebusiness arrangements.

Sprint, an early member of the Isis, has decided to go it aloneand itself announced pilot roll-out plans for late this year. Thecompany has claimed disinterest in the payment portion of thetransaction.

The New Distinction
And that’s the new distinction – the difference between mobilepayments and mobile commerce. Mobile commerce is, of course, thesuperset that includes everything from advertising, to couponing,loyalty programs and, yes, the payments. Google is interested inmobile commerce. Isis is positioning itself as a mobile commercecompany. No doubt Sprint will as well.

Crossing the bridge to this mobile commerce world is a crowd ofold and new media companies, outfits with pure Internet genetics,the incumbent service providers to merchants as well as thepayments industry. A colossal collision will take place on thatbridge and it’s an open question as to who will cross it alone orin partnership with others striving to make it to the otherside.

Tags: DebitMercator InsightsMerchant AcquiringMobile PaymentsPrepaidSelf Service and ConvenienceSocial Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments