According to Doug Bergeron, CEO of Verifone, which produces the payment terminals that most retailers use already, ISIS is coming next month. Makes sense that the T-Mobile Galaxy S II was updated already.
“With the carriers on their side, they stand to have a very good chance to succeed provide the handset makers get NFC-enabled smartphones out as promised,”
ISIS plans to roll out in test markets first, Salt Lake City, Utah, and Austin, Texas. As long as people who have supported devices use it, it works, payments get processed and people are seeing money and the benefits of it then it should be good for a national launch. This should prompt the carriers and manufacturers to start pumping NFC chips into all their devices.
I think we all would have liked to see all the carriers accept and allow Google Wallet more than creating their own system, but when money is involved you and I both know how that works. With ISIS the carriers will be able to make a little extra cash on transaction fees and that is a major plus for them. Personally, I think it is more of a wow factor than anything right now. As time progresses and more devices and retail locations start adopting the service it is likely to become the norm. I do hate digging out my wallet when my phone is in my hand or on my lap. We will see.
What do you guys think. ISIS or Google Wallet? Do either matter a whole lot to you? Do you have plans to use any of them?
For more information on ISIS, head over to their website at paywithisis.com
Source: Cnet
