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Softcard
Softcard

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!!! Overview[1]
[{$pagename}] is a [Mobile Payment] System.
Softcard (formerly Isis [Digital Wallet]) is a joint venture between [AT&T], [T-Mobile] and [Verizon] in the mobile [Credit Card|Payment Card] space, announced on November 16, 2010. The system is based on [Near Field Communication] [NFC] and allows users to pay by tapping their [Mobile Device] to a payment terminal.
Notably, [Sprint Corporation] is not part of the consortium. The CEO of [{$pagename}] is Mike Abbott. The [{$pagename}] mobile system has partnered with the Discover network and Barclaycard US.
On April 4, 2011, Isis announced it would pilot the [{$pagename}] mobile commerce program in Salt Lake City in early to mid-2012. On July 19, 2011, a partnership was announced between Isis, Visa, MasterCard, Discover, and American Express.
On August 29, 2011, the three wireless carriers announced plans to invest more than $100 million in the project.
On July 7, 2014, CEO Michael Abbott announced that they would be renaming the company in order to avoid association with the identically named militant terrorist group. The new name [{$pagename}] was announced on September 3, 2014, with newly branded apps to be rolled out in the subsequent weeks.
!! [Google] snags [{$pagename}]'s technology [2]
[Google] Monday announced it reached an agreement with the [Mobile Network Operators] behind [{$pagename}] to acquire that [Digital Wallet]'s technology and other capabilities to eventually integrate into [Google Wallet].
[Google]'s deal with [AT&T], [T-Mobile] and [Verizon] solves the biggest problem the company faced with [Mobile Payments]: access. Those [MNOs] did not allow [Google] Wallet to be loaded or installed on its [Android] phones supposedly due to security concerns. Latter as [Google Wallet] began using [HCE], they relented and allowed [Google Wallet] will be pre-installed on [Android] phones running the latest versions of the mobile [Operating System] (KitKat and higher). !! More Information
There might be more information for this subject on one of the following:
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* [#1] - [SoftCard|https://en.wikipedia.org/wiki/Softcard|target='_blank'] - based on 2015-02-10
* [#2] - [Google snags Softcard's technology|http://www.mobilepaymentstoday.com/articles/google-snags-softcards-technology/|target='_blank'] - based on 2015-02-25
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop