Isis: When Mobile Carriers Tries to Create a Mobile Wallet App

Cellular’s major carriers have been busily testing a mobile wallet app, Isis, since last year, but the joint venture looks like a failure from day one. To begin with, the app uses Near Field Communication, so it’s only available for Android phones. While there are approximately 4,000 Android models in existence, only 40 are compatible with the new app and hardware, depending on the carrier and only with an enhanced SIM card. Apple users have the option of using Isis, but they will need a special enhanced NFC phone case.

Further, American Express Pre-paid Serve and Chase cards are the only cards users can load into the app – Visa, Mastercard, Amex, and Discover are currently not supported.

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