Dec, 13 2011

The Isis mobile payments platform is back by a partnership including AT&T, Verizon, and T-Mobile. With big names backing the service, it seems like the mobile wallet system has a chance of catching on. That is, if people can trust NFC-based purchasing options with their bank money. As a new technology, there are still some things to work out, the biggest being security concerns.

What is in here is not important at all

Enter Gemalto, the company chosen to secure the financial information of consumers when using Isis. Making users feel safe using NFC payments would go a long way towards adoption of the system. The issue of mobile payment security recently surfaced with news of Verizon keeping Google Wallet off of the upcoming Samsung Galaxy Nexus. Verizon cited the need for a more secure system before allowing Google’s mobile wallet onto their network. The Isis versus Google Wallet angle is hard to ignore, however.

[via Engadget]

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