According to a report out of Bloomberg, Google is considering sharing revenue from Google Wallet with Verizon and AT&T to get them to adopt the mobile payment service. As you all know, AT&T and Big Red have essentially blocked Wallet from their NFC-equipped phones, as they ready a similar mobile payment solution named Isis. Sources who spoke with Bloomberg claim that the adoption rate has been slow enough that Google is re-evaluating the service. With carriers reportedly finding no incentive to allow Wallet on their network, especially with Isis on the way, this could be one of Google’s only moves. So far, Sprint is the single major carrier in the U.S. to allow Google Wallet to be used. A Verizon spokesperson said that they are “continuing our commercial discussions with Google on this issue.”
On a related note, an “independent” consultant mentioned that reception to Wallet has been “lukewarm” so far. All I can say to that is, “Of course it has been. It’s only available on one phone and one carrier, silly.” It’s pretty tough for a product to take off when it has been shutdown by America’s two biggest carriers and can only be accessed by a select few customers. Before other consultants spout off such insightful comments, why don’t we give it a real chance. That real chance of course, is with Verizon and AT&T on board.
Google Wallet competitor Isis, made a showing at SXSW recently and demoed its application for people. Isis is the mobile payment system that almost ever carrier is behind except for Sprint. The company is touting their easy-to-use interface at SXSW and showing how to add credit cards, loyalty cards and deals all from the same app. (more…)
Above is the first shot at what we can expect Isis to look like on our Android devices. Looking past the Froyo notification bar, we see a simple layout of your synced credit cards, an “Isis Feed” which is most likely a payment history page, a shopping directory, and a settings button. So far, we are fans of dark and minimal approach with the purple accents. What are you thoughts on the first look at Isis?
Isis – the NFC mobile payment system that was started by Verizon, T-Mobile, and AT&T – received its first banking partners today, along with a product name and some details on how they plan to roll out. The product will officially be called Isis Mobile Wallet and will welcome in Capital One, Chase and Barclaycard as their first card partners. Since they already secured Visa, Mastercard, American Express and Discover, it’s now up to the rest of the banking industry to give their cards the thumbs up.
Not familiar with Isis? Again, this NFC-based mobile payment system was created by Verizon, T-Mobile and AT&T with hopes of making NFC and mobile payments a common practice. They fell under scrutiny a couple of months ago when it was discovered that Google Wallet (a direct competitor) was not accessible on the Verizon Galaxy Nexus. Most pointed fingers directly at their Isis product as the reason why Wallet was not allowed on the phone. Verizon denied that they were blocking it and that it had anything to do with Isis.
So far though, we have not heard any of Isis’ plans to actually produce a product that we can use. According to their press release today, we should see the first markets go live some time in mid-2012. The first two cities to get access are Salt Lake City, UT and Austin, TX with a nationwide rollout happening soon after.
No matter what, this is amazing news for the NFC industry. With these 3 carriers behind it, all of the major credit card companies, and a first batch of banks, mobile payments will soon be in your lives. NFC chips are becoming more common in newer phones and by the end of the year or early 2013, you may be ditching your wallet after all.
The Android world was furious last night when word broke that Google Wallet would not be available to the Verizon version of the Galaxy Nexus. The reasons for this move were not all that surprising with the ISIS NFC payment system from VZW, T-Mobile and AT&T on the way, but people still have the right to be frustrated.
Words like “block” that were used to describe the situation appear to have hit a nerve with VZW. In a statement released within the last few minutes, they want to make it clear that they do not “block” apps (except for tethering apps of course). They also want you to understand that Google Wallet is not like the rest of the apps in the world as it does not simply access the OS or basic hardware of your phone. Instead it needs to be securely integrated into a hardware element of your phone, something they are not comfortable with yet.
Full statement after the break. (more…)
Within the last hour, ComputerWorld reported that Google Wallet will not be available on the Galaxy Nexus that is headed to Verizon and our inbox immediately took a depressing turn. You shouldn’t be surprised by this news though. You should be annoyed and frustrated, but you should also have expected this to happen. Aside from the fact that I was tweeting about this subject 3 days ago, you have likely seen reports of the ISIS NFC mobile payment system that Verizon, T-Mobile and AT&T have partnered up to make. If you haven’t, I’ll catch you up real quick.
ISIS is the next big mobile NFC payment system that is being backed by Verizon, T-Mo and AT&T. They also signed up Motorola, LG, HTC and Samsung to make phones which have NFC chips that will work with this ISIS payment system. So basically, you have the 4 biggest phone makers in the Android game, partnered up with 3 of the 4 biggest smartphone carriers in the U.S. to help turn your phone into a mobile payment machine. It’s a direct competitor to Google Wallet. (more…)
Isis - which is a joint venture by Verizon, AT&T and T-Mobile – announced today that they have partnered with all of the major device manufacturers in the game to bring an NFC payment system to the masses. In the very near future, you will see NFC-enabled phones from Motorola, LG, Samsung and HTC on all three of these carriers. Their goal is to “enhance how consumers, banks, payment networks and merchants interact” to “significantly modernize the payment experience.”
For the most part, this is extremely exciting news. The only question we really have is, “What about Google Wallet?” For now, it looks like that service will be exclusive to Sprint while the other three carriers have formed their own massive payment system. We should also point out that Isis was the first to ink deals with all four major credit card companies, something Wallet is just now locking down.
I would love nothing more than to have the opportunity to ditch my wallet on a regular basis. Give us NFC in the Galaxy Nexus and let’s make this mobile payment revolution happen! (more…)