|Chase, Capital One, and Barclaycard first to place their cards in the Isis Mobile Wallet|
Isis, 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, with a national roll-out to follow.
“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,” says Michael Abbott, CEO, 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.”
The Isis Mobile Wallet will provide consumers with a convenient and 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 seamless and secure experience across physical cards and mobile platforms.
“Chase is committed to making mobile commerce a reality,” says Richard Quigley, president, Chase Card Services. “By working with Isis, we are excited to help pave the way for innovation in the mobile payments space and to provide cardmembers with a secure option for easier and faster payments on the go.”
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 freedom 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.
“Our customers have embraced digital and mobile banking and are demanding new and easier ways to manage their financial lives,” says Jack Forestell, executive vice president, Digital, Capital One.
“We believe Isis is strongly positioned to bring the convenience, value, and simplicity of mobile commerce to consumers,” says Stewart Holmes, senior director-mobile commerce strategy, Barclaycard US.
“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,” says Gwenn Bézard, research director with Aite Group. “Isis’ new announcement sends a clear signal: it is serious about scaling mobile payments.”
[This article was posted on March 7, 2012, on the website of ABA Banking Journal, www.ababj.com.]
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