BARCELONA, SpainIsis, the mobile commerce joint venture created by AT&T Mobility, T-Mobile USA and Verizon Wireless, announced that Chase, Capital One and Barclaycard have entered into agreements with Isis enabling their credit, debit and prepaid cards to be placed into the Isis Mobile Wallet.
Starting in mid-2012, consumers will be able to load their eligible Chase, Capital One and Barclaycard cards into their Isis Mobile Wallet and shop at participating merchants, starting with locations across Salt Lake City and Austin, Texas.
The Isis Mobile Wallet is designed to provide consumers with a secure way to pay, redeem coupons and present loyalty credentials, all with the tap of their phone. Chase, Capital One and Barclaycard will tailor their cardholder service experience within the Isis Mobile Wallet to reflect their respective brands and ensure a secure experience across physical cards and mobile platforms.
Last July, Isis announced relationships with the top four U.S. payment networks: Visa, MasterCard, Discover and American Express. Isis' relationship with the four U.S. payment networks provides banks with the ability to enable any major network payment card and provide consumers with ubiquity and freedom of choice when deciding which of those cards to load into their Isis Mobile Wallet.
"Today's announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers," said Michael Abbott, CEO of Isis. "Mobile commerce is more than a new way to pay; it's about extending the relationships consumers enjoy with their banks and merchants into a powerful and convenient new form factor."
This week's announcement highlights Isis' inclusive approach, providing the various stakeholders, including banks, merchants and consumers, with the freedom and choice necessary to foster the burgeoning mobile payment industry. Isis is working to build an ecosystem that can provide consumers with a ubiquitous and user-friendly experience across all participating carriers, phone models, payment networks, merchants and banks.
"While mobile wallets may look and smell the same from afar, Isis is setting itself apart by patiently building an ecosystem of issuer, network and merchant partners, offering an open platform that leaves partners in control of how they will communicate with their customers, and leaving the partners in control of sensitive payment and marketing data transiting over the platform," said Gwenn Bezard, research director with Aite Group. "Isis' new announcement sends a clear signal: It is serious about scaling mobile payments."