ISIS, the mobile payment joint-venture backed by three of the nations largest carriers is now officially live nationwide. After numerous delays and a testing phase in just two markets, the mobile payment system is live for AT&T, T-Mobile and Verizon customers.
Samsung and Visa today announced a deal that would see future Samsung devices preloaded with the Visa payWave applet, allowing consumers to “wave and pay” through Visa’s contactless payment terminals. The Visa payWave service will of course only come preloaded on select Samsung devices, but rumor has it that the upcoming Samsung Galaxy S4 will be the first to receive the functionality. While Samsung and Visa were showing off the technology with existing NFC-enabled devices at MWC this week, CNET and others have apparently confirmed through sources that the S4 will indeed be the first device to get the applet preloaded.
- Global Strategic Alliance
Visa and Samsung have agreed to work together to enable the next generation of Samsung mobile devices with Visa payment technology, and to partner with financial institutions to accelerate the availability of mobile payment solutions globally.
- Samsung to Connect to Visa’s Mobile Provisioning Service
In order to enable financial institutions to launch large scale mobile (NFC) payment programs, Samsung will offer banks the ability to load payment account information over-the-air to a secure chip embedded inSamsung devices, using Visa’s Mobile Provisioning Service3 which is linked to Samsung KMS (Key Management System) – a service that creates secure data storage domains for issuers.
- Samsung Awarded Global Visa payWave License
The Visa payWave mobile applet will be preloaded onto selected next-generation Samsung mobile devices featuring NFC technology and an embedded secure element. Off the shelf, these devices are ready to be personalized with Visa payment account information – a simple step that consumers will be able to initiate using a mobile payment application provided by their financial institution.
Visa also noted that the partnership, which isn’t exclusive with Samsung, will allow financial institutions with mobile payment programs to “use the Visa Mobile Provisioning Service to securely download payment account information to NFC-enabled Samsung devices.”
Google Wallet launched with free $10 prepaid cards to welcome users to the mobile payments system, but the company later revealed that it would discontinue the complimentary gifts and issue refunds for remaining balances in October.
Well, the time has now come… and Google is keeping its promise. Folks need to complete Google’s refund form online to get their money. It asks for their Google Wallet device ID, name, phone number, and other sensitive details.
Refunds come via check or prepaid MasterCard. Google will not process the requests until after Oct. 30, however, so do not expect to receive the prepaid card for another 7 to 10 business days. Those who choose the alternative option will receive a check within eight weeks.
We knew Google Wallet would not be the only mobile payment solution on the market back in December 2011 when carriers moved to block the service in anticipation of their own ISIS mobile payment project. Today, a report from TmoNews, citing an image of internal T-Mobile documents, claimed the carrier is getting ready for a pilot program of ISIS starting Oct. 22.
According to the document, the ISIS Mobile Wallet service will roll out via the Google Play store to Galaxy S III and Galaxy S Relay 4G users in Salt Lake City, Utah and Austin, Texas. It will also require an ISIS SIM card, but T-Mobile will offer $25 in ISIS cash as a special offer for activating the service:
There is a new sheriff in town for the mobile payments arena—or at least that’s what VentureBeat described in a report on the newly formed Mobile Payments Committee.
Electronic Transactions Association CEO Jason Oxman announced the group’s genesis in an interview this morning, where he explained the committee boasts representation from the four leading U.S. carriers.
AT&T, Verizon, Sprint, and T-Mobile have apparently united to grapple with mobile payments, and it appears Google, PayPal, ISIS, VeriFone, and Intuit are also members, while Verizon Executive Director of Federal Relations Jackie Moran serves as the group’s chair.
According to VentureBeat, the Mobile Payments Committee will:
we’ve acquired payments technology company TxVia to complement our payments capabilities and accelerate innovation towards our full Google Wallet vision. TxVia is a technology pioneer that offers a fast, flexible and highly reliable payments platform—which we believe is one of the best in the world.
Since 2008, TxVia has supported the management of more than 100 million accounts. They’ve partnered with the industry’s best known brands, and their leadership team has played an instrumental role in defining the fast-growing prepaid card segment of emerging payments. In this time, TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way.
Google Wallet has been somewhat slow in adoption due in no small part to the competing Verizon-AT&T-T-Mobile ISIS consortium. Google’s Payments team has also undergone some strife…