The major companies in the mobile credit card processing sector are stepping up efforts to become the dominant players in the marketplace.
In one recent move, telecommunications giant Verizon will not allow Google Wallet technology to be used on the soon-to-be-released Samsung Galaxy Nexus phone. By not allowing it’s competitors payment option, the brand is hoping to get more people to use the Isis platform, which works on the same near field communication technology as Google’s system.
“While mobile payments will be at the core of our offering, it’s only the start,” said Isis chief executive officer Michael Abbott in a statement. “We plan to create a ‘mobile wallet’ that ultimately eliminates the need for consumers to carry cash, credit and debit cards, reward cards, coupons, tickets, transit passes, etc.”
In addition to support from Verizon, the Isis system has backing from AT&T and T-Mobile. The firm has signed agreements with Motorola Mobility, Samsung, Sony Ericsson, LG, HTC and Research in Motion to implement the service and reach more customers than before..Back To Blog